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Updated about 6 years ago,

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10
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0
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Isaac Molina III
  • Real Estate Agent
  • Tampa, FL
0
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10
Posts

Would like to fully withdraw from my 401K for REI.

Isaac Molina III
  • Real Estate Agent
  • Tampa, FL
Posted
Hello fellow BP members. I would like to begin investing in rental properties in 2019. One way that I would like to start is to fully withdraw from my 401K. I have Fidelity and it is a custodian 401K. I want to, firstly, know if it is an option to fully withdraw from my account. Also, what are the options if that’s not the only way. Preface: my employer got bought out by another corporation and we now currently use a different 401K company. So we no longer contribute funds to Fidelity. Right now, my money is just sitting there. The reason I come here to ask this question is because when I go onto the website, it says that a full withdrawal is not currently available. I feel like, this is my money and I should be able to do what I want with it. Any info would be greatly appreciated.

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