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Updated 11 months ago on . Most recent reply

J Newman's profile image
J Newman's profile image
J Newman
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J Newman's profile image
J Newman's profile image
J Newman
  • Member since Jan 11, 2024
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J Newman
12
Votes |
29
Posts
Creative Real Estate Financing

Loan from 401k when retired

J Newman
Posted

My husband was able to retire fairly young from a government job. He has a 401k, but he is retired. We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he thought he wasn't eligible because he was no longer technically employed. Does anyone know the general rules on this? Thanks!

Charlotte, North Carolina
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J Newman's profile image
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J Newman
  • Member since Jan 11, 2024
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29
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J Newman's profile image
J Newman's profile image
J Newman
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J Newman
12
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J Newman
Replied

Thanks Brett! I’m self employed and will look into this!

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