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Updated almost 7 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Paul McVey
  • New Smyrna Beach, FL
4
Votes |
8
Posts

Newbie in Central FL

Paul McVey
  • New Smyrna Beach, FL
Posted

Looking for advice... I am a newbie looking into potentially getting started/involved with REI which has fascinated me over the years, just never took the plunge. I have been in corporate america for ~ 40 years and looking at my next chapter - retirement in about 5-9 yrs. Is REI a good vehicle to help fund retirement this late in life? Might require pulling funds from 401K to finance thus reducing those funds earning power. Currently, given an average market, my 401K should produce a little more than I am currently earning today. Thanks

Most Popular Reply

User Stats

363
Posts
143
Votes
Carlos Zapata
  • Investor
  • Miami, FL
143
Votes |
363
Posts
Carlos Zapata
  • Investor
  • Miami, FL
Replied

@Paul McVey never is too late, Bob Helms "the Godfather of Real Estate -the Real Estate Guys" is already on his 80's you can use your 401k in a self-directed IRA, but before spending any money buying properties, please find out what is your exit strategy, please keep me posted,

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