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Updated over 5 years ago on . Most recent reply

User Stats

39
Posts
9
Votes
Libby Baugher
  • East Peoria, IL
9
Votes |
39
Posts

What to do with my 401k?

Libby Baugher
  • East Peoria, IL
Posted

I’ve recently been let go from my company due to downsizing. I have around 68000 in a 401k and am trying to decide what to do with that money.  Options are leave it in, transfer to another account or pull it out(getting taxed if I pull it out). What are everyone thoughts on pulling it out and using it to purchase more rental properties? My rental properties are for cash flow and not appreciation. I have 4 units right now. Im just not sure how much I trust the stock market and hate the fees associated with 401k,ira, mutual funds, etc. 

Any thoughts would be welcome! Thanks!

Libby

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