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Updated about 4 years ago, 10/27/2020

User Stats

38
Posts
9
Votes
Christopher Fougere
  • Milton, VT
9
Votes |
38
Posts

Opportunity knocking? Taking the 401k withdrawal?

Christopher Fougere
  • Milton, VT
Posted

I'm curious as to whether investors are viewing the early 401k withdrawal as an opportunity to gain access to pre tax dollars, pay tax on them now at a lower rate and move them out of the market and into real estate.

About a year ago we each moved half of our 401k into stable value waiting for an opportunity to buy back into the SP500 as our FA advised us the market was far above the historical average and was due for correction.  Seeing as there is no real end in sight or confidence in the market, the early 401k withdrawal is  intriguing.

We currently own 10 SFH properties (5 notes each) in B+ neighborhoods in MO and OH, and we are considering taking the 200k from the stable value and picking up some similar homes once the dust settles and opportunity arises.

Thoughts?


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