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Updated about 1 year ago,

User Stats

54
Posts
51
Votes
Azita S.
  • Investor
51
Votes |
54
Posts

Early 401K Cash out

Azita S.
  • Investor
Posted

Is cashing out a 401K to invest in RE a terrible idea?

According to an online early cash out calculator, I'd be paying a hefty fine and taxes on the balance, receiving less than half the current balance.  I've been contributing to my 401K for 10 years now!!! 

But if the deal goes as expected, the loss in fines and taxes will be make up in no time.  

Any advice or feedback is greatly appreciated 

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