Should I Cash Out My Pension To Buy My First Rental Property?

[Juli Becker]

I work in the student loan servicing industry, and my company was recently bought out by a competitor. Because of this, I will either be able to roll over my pension for discounted stock options in the new company or roll over into a self directed IRA or cash out with penalties. I am 50 and single, and my concerns come from being a child of a struggling trailer park owner in the 1960/70's and a former wife of a struggling carpenter/general contractor. I have been diligently listening to the BiggerPockets podcasts and would really like to invest for cash flow and leave a legacy to my grand daughters. Should I Cash Out My Pension To Invest In My First Rental Property?