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Updated 7 months ago,

Tanjaree Turner's profile image
Tanjaree Turner's profile image
Tanjaree Turner
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  • Member since Jan 2, 2019
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Tanjaree Turner's profile image
Tanjaree Turner's profile image
Tanjaree Turner
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  • Member since Jan 2, 2019
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Tanjaree Turner
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Starting Out

Withdrawing from 401K for investing

Tanjaree Turner
Pro Member
Posted

Looking for input regarding the pros and cons of withdrawing from a TSP (= govt 401K) plan that is just sitting to use to purchase an investment property. I'm no longer a W2 employee so I am not currently contributing any funds to it. I'll get hit with all the penalties as I'm under 59 1/2. Worth it? Or not?

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