Monday, February 25, 2008

Retirement Funds Help Entrepreneur Invest in a Greener Future


Bellevue, WA (PRWEB) February 25, 2008 -- In late 2007, Miki DeZorzi, an Orangevale, Calif., stay-at-home mom of two, invested her 401(k) funds into a better future for her family and, in so doing, hopes to do her part in helping the planet's future as well.

A former sales manager for a telecom company, DeZorzi used more than $50K from her previous employer's retirement plan to purchase Electric Car Living, a golf cart and Neighborhood Electric Vehicle (NEV) business in Lincoln, Calif. "This really is the wave of the future," she says of the more energy efficient alternatives to conventional four-wheeled light-duty vehicles.

Also known as Low Speed Vehicles (LSV), these lighter-weight, eco-friendly modes of transportation are being introduced into a growing number of communities, many of which are accommodating them by widening bicycle lanes. "Many counties and states are creating Low Speed Vehicle initiatives, encouraging people to get out of their cars, off the roads and use LSVs to get around," DeZorzi says. Currently 38 states have LSV laws, and many allow LSVs and NEVs on public roads with posted speed limits below 35 miles per hour.

To read more about Miki's new business and how she used retirement funds to finance her new business, click here.

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