07/25/2013 10:53 am ET

Sell A Business To Cover Retirement? Don't Count On It


WHEN R. J. Lewis left a corporate job to start his own business in 1999, he knew his bank account would suffer. He gave up a six-figure income and assumed that the first few years of entrepreneurship would be lean.

Still, he did not realize just how much of a toll running a business would take on his personal finances. For four years, Mr. Lewis, the founder of eHealthcare Solutions, an online advertising network that is based in Ewing, N.J., and represents health care Web sites, took home about $20,000 a year and had to deplete his retirement savings account.

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