Bellevue, WA (PRWEB) October 1, 2007
A former manager of customer service and implementation, Tony Capobianco, found himself laid off in May 2005 after 18 years in corporate America. Yet he's not shedding any tears about it; in fact, quite the opposite. "I get up every morning now with a smile -- and sometimes glue -- on my face," he says. "I've gone from wingtips to sneakers, and I'm loving every minute of it."
Capobianco, of Tampa, Fla., is one of a growing number of laid-off (or simply rat-race-weary) workers who have left the corporate world to embrace new lives as self-employed entrepreneurs. "I never thought that it would be feasible until circumstances made it a feasibility."
After finding himself booted from his managerial position, Capobianco began building the groundwork for an employment future that was not only more secure than his previous jobs but that included elements missing from all his corporate positions. When he saw Abrakadoodle®, an art education franchise for children ages 20 months to 12 years, it was love at first sight. "It stood out because I love kids, it was a creative enterprise, and I'd be able to share it with my wife Patti who's a preschool teacher," he says.
While choosing a franchise was easy, finding the means to buy it was another matter. As a father of three, Capobianco wasn't eager to plunder the family bank account or take out a massive loan. Fortunately, his franchise consultant recommended he check out an alternative funding method: using his 401(k) money to purchase the business without taking a distribution or paying additional taxes or penalties.
"I was referred to Guidant Financial Group [http://www.guidantfinancial.com , and they showed me how they could restructure my retirement account to allow for purchasing a business as an investment for the 401(k) without having to pay any taxes," he says.
Like the majority of tax-paying Americans, Capobianco had never heard of this financing strategy, and he immediately began digging. To his surprise, he discovered that thousands of entrepreneurs had already used such means to finance their own businesses. Not only were these transactions allowable, but they were an excellent means for growing retirement funds and incurring substantially less debt when launching a business enterprise.
"More people need to know about this option," he says. "The whole process was simple, clean and effortless, and Guidant saved me from paying early withdrawal penalties or incurring debt from a loan." Within five weeks, he had access to his funds to purchase his franchise.
"I can honestly say that I never smiled in my 18 years in the corporate world like I smile every day now," he says during a break from his first-ever pirate-themed art camp for children. "It's absolutely hysterical!"
About Guidant Financial Group
Guidant Financial Group is the premier provider of self-directed IRAs and business-funding solutions through IRAs and 401(k)s. Guidant's services allow investors the freedom to make investments in real estate, franchises, businesses, tax liens and more by accessing their retirement accounts without penalty before retirement age. For more information on Self-directed IRAs or Business Financing, please visit http://www.guidantfinancial.com.
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