Can i take out all of the money out of a 401k account ?

[Christian Rodriguez]

Still working on finding my first deal but luckily have found my market ! Now i have been tasked with helping my mom invest the money in her 401k account, I was wondering if there was a way to be able to take out 100% of the accounts balance to buy property with it . I'm not too familiar with this form of financing would love some advice on how to capitalize on it !!

[Chris Seveney]

Quote from @Christian Rodriguez:

Quote from @Chris Seveney:

@Christian Rodriguez

How old is your mother?

More importantly / Why would you ever take someone’s entire retirement amount and invest it in one property?

 My mom is 53 years old and she wants to invest the money through real estate instead of it sitting in a 401k account not making any money on it, her retirement is very well assured or else she wouldn't be taking the risk she is by throwing it all into real estate !!

If she is working at that company she cannot take it out. she potentially could get a loan but that would be a question for the plan sponsor. No one on BP can really answer that only her employer can. Curious though how has a 401k that has been sitting not making any money, the markets have been nuts the last 3 years.