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Updated over 8 years ago,

Pat Wasson's profile image
Pat Wasson's profile image
Pat Wasson
  • Investor
  • from Piedmont, Oklahoma
  • Member since Jul 24, 2016
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Pat Wasson's profile image
Pat Wasson's profile image
Pat Wasson
  • Investor
  • from Piedmont, Oklahoma
  • Member since Jul 24, 2016
Connect
Pat Wasson
  • Investor
  • Piedmont, OK
0
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11
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Personal Finance

401k from former employer

Pat Wasson
  • Investor
  • Piedmont, OK
Posted

I am trying to determine if it is a good idea to cash out an old 401k (55k) from a former employer to use to invest in additional properties.  Isn't the 10% penalty the same as a loan at 10%?

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