Cash out old 410K/IRA

[Miguel Ochoa]

Hello All, 

Looking to see if someone has been in this position or made a similar choice and what your opinions are. I currently have about $300k in a IRA $100K is Roth so I would not pay taxes on that amount. I have zero debt besides my house $480k which I am currently building another unit on the property to bring value of house up to $900k. $200k of that is a private family loan which I am going to cash out refi, HELOC, or cash out IRA to pay back. I understand that almost half will be gone with taxes and fess and it will grow to millions if i leave it, but my thought process is I am going to have to pay the taxes no mater what, yes I can withdraw less to be in a lower tax bracket, but I do not plan on being in a lower tax bracket as I get older as I want to grow my wealth. I am currently 35 and if i can cash this out i will be able to apply that towards real estate and continue to grow monthly cash flow. I have looked into self directed IRA and that still requires you to put back into retirement account. I have a goal to be financially free at 40 (yes I still want to work but NOT HAVE TO WORK). Every financial advisor does not understand the concept on not working till 59 1/2 and they do not understand why some one finically stable would want to cash out IRA, we are finically responsible and have a household income of $200k and want to be able to have that freedom before 60. if you read all this thank you and would love to hear your thoughts, experiences, regrets, and advice on cashing out IRA. thank you