Cashing out your Roth and Mutual Fund IRA’s

[Colleen Jobe]

This is my first post to the BP forum. I’m a newbie here and have spent the past several weeks reading, learning, and listening as much as I can! I haven’t officially introduced myself yet, since my husband and I will be moving soon, but don’t know where yet (retiring from the military). I’ll definitely do it as soon as we know, so that I can make it easier to get connected with local people. My husband and I are ready to get out of the Rat Race and the middle class mindset and get into real estate investing. (Thank you, BP!!) My question is: who here has cashed in their Roth and/or mutual fund IRA’s to begin REI and never looked back? Obviously there will be tax implications, but I think we’re willing to take the hit if this could give us a good jump start.

[Colleen Jobe]

Thanks, guys, for all that good advice! 

@Christian Chevier - we do have quite a bit of equity in a home we own in KS, and have been renting out for several years. It's on the market to sell (for nearly 90 days now...argh!), but we're hoping it will sell soon so we can get this show on the road!