401k Plan - Smartest Way to Use It

[Brian Davis]

Hello,

I wanted to know if anyone had any recommendations or smart way to use money in my 401k now. I am 37 years old and not as excited to wait on money sitting in my company 401k plan. Currently there is about 50k (IRA, already paid taxes on it) in it and I feel that I am wasting the opportunity of that money by having it just sit there and am interested in somehow finding a way to use it for a vacation rental home.

I was trying to learn a little about converting this into a Self directed Roth IRA but as I'm learning more that basically I couldn't use this in the way that I would intend, which is really just using the vacation rental property as passive income. Are there any other types of strategies or things I can do with this 401k plan in relations to investing in a vacation rental property?