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Updated about 5 years ago on . Most recent reply

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401k to purchase investment homes

Posted

Have anyone used their 401k to purchase homes? Recommended or no? After so many years my job finally offer 401k. I was thinking of contributing to it as a savings to buy investment homes. The investment itself is not really worth it for me right now as I'm not even going to be getting more then how much I make in 1 1/2 years at retirement base on their calculations. My only hope left is really in real estate. Only concern I have is the penalty fees if I withdraw early.

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