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Updated over 7 years ago,
Withdraw money from 403 (b) with penalty?
My current and past employers have 403 (b) retirement plans. I have put a certain percentage of my salary into the plan and they add 128%. The employer contributions became mine permanently after I worked at the jobs for a year. There are several options within the plans, such as mutual funds and money market. I will be old enough to begin withdrawing these funds without penalty in about 8 years.
Recently I've wondering if I should withdraw this money, pay the penalty and income tax, and use it as part of my real estate investment capitol. I don't need the money, I just think it likely I could get I higher return than if I leave it in the 403 (b) account. What do you think and why?