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Updated over 4 years ago on . Most recent reply

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50
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13
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Drew Lamb
  • Delaware, OH
13
Votes |
50
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Regrets or anything different after using 401(k) for purchase?

Drew Lamb
  • Delaware, OH
Posted

Is there anyone here with some advice about using your 401(k) to purchase an investment property? Anything that you would do differently or just advice about how to handle it? I only have about 35k in it so it may be awhile but I thought I’d start researching it before it came time to use some of it.

Most Popular Reply

User Stats

137
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119
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David Martin
  • Cypress, TX
119
Votes |
137
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David Martin
  • Cypress, TX
Replied

@Drew Lamb @Sam L. Take a quick read on self-directed 401k's/IRA's and it's rules and tax benefits and see if sheltering the buy in the account makes sense vs pulling the money for what you're trying to do. It's a pretty eye opening option that might be right or wrong for you depending on what you're planning.

starting point:

https://www.investopedia.com/retirement/doing-it-yourself-selfdirected-401k-and-ira/

  • David Martin
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