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Updated over 4 years ago on . Most recent reply

User Stats

24
Posts
8
Votes
Timothy Yen
  • Real Estate Agent
  • Nassau County, NY (Port Washington)
8
Votes |
24
Posts

Old 401k - cash out of SDIRA?

Timothy Yen
  • Real Estate Agent
  • Nassau County, NY (Port Washington)
Posted

Want to tap into my 401k to become an active investor. Goal is cash-our refi (brrrr)...

Understand pulling cash out of old 401k will mean paying taxes on it and potential early withdrawal fee - which I will fight tooth and nail for.

Alternative is an SDIRA - but I heard this limits what an investor can do with their real estate investments? Any ways around it - don’t want to sit passively investing.

We are ready to offer - all that is set I would just rather use my retirement money VS my own cash reserves in my bank accounts.

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