Can anyone explain the basic of rolling a pension and 401K into your own new business?

I've been told that a "young retiree" can roll a pension and 401K into his own new business' 401K or pension plan.....avoiding the taxes and penalties....and using the funds in the business. Does anyone know more, or can they confirm with several legal landmarks to cite?

I believe this is when you already have one from your employer and when you open your own business you pay into it 100 percent not 50 50 ..

You maintain your 401K and you wont' have to start over but remember you are contributing 100 percent not 50 50 any longer.

401K's are employer provided programs. In my opinion when you leave a particular company you cannot contribute any more to the existing 401K. You can roll your 401K into a traditional IRA. And you can start a new 401K for the business you own but you cannot roll over an existing 401K into another 401K plan with a different employer. There are only a few things that you can use the 401K or IRA funds for without being penalized. I think buying your first house is one of them don't know the others

Honestly? This is a question that requires you to pay for the response. You won't get proper advice on here. I will say that you're treading on shaky ground with prohibited transaction issues. Go see a competent retirement consultant. It can be done but there are limitations.