Should we cash out our 401k and leave the stock market?

[Account Closed]

Hello, I’m looking for feedback from anyone who has ever cashed out a 401k early to lock in that first deal or deals. My wife and I have around 100k in our 401k accounts and I’m considering pulling it out and taking the 10% penalty to lock in our first few deals. I do not want to borrow against it as our company is a bit shaky and I’m not confident our roles are 100% secure. We are 33 and 29 years old. Also, my wife and I are both 100% on board for getting into buy and hold. Should we even continue to put money into our 401k? Just looking for thoughts from all of you smart folks! :)

[Alex P.]

I cashed mine out as well and it was a good decision at the time. You'll only receive about 70% of the total after 10% and 20% to cover taxes. So if you can make +30% on a property it makes sense. Probably pretty hard to do at this point in the cycle, like Jason said I would exhaust all other options.