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Updated over 5 years ago on . Most recent reply

User Stats

14
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3
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Andrew Rushing
  • Investor
  • Montrose, MN
3
Votes |
14
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Actually liqudate my 401k?

Andrew Rushing
  • Investor
  • Montrose, MN
Posted

Hey everyone, probably dumb question, but im actually interested in what everyone thinks...

Im very new to all this. Dont own any properties, but have a goal set and have done a lot of research.

I have 2 small 401ks (less than 20k combined) that are no longer contributed to, due to me working a pension job.. is it worth liquidating and taking the hit to use the money to invest in real estate? The way I'm seeing it, is I can eventually make more ROI with real estate than I would just letting the money sit in these accounts.

Or am I better off just finding someone to invest with me while I do the leg work?

Most Popular Reply

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3,139
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2,094
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
2,094
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3,139
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Replied

@Andrew Rushing

I wouldn't liquidate what you already accumulated. You will end up paying high penalty on it. Stop contributing now, but don't liquidate what you already have there! What you can consider is getting a loan on it. The interest is actually payable to yourself!  Or as you mentioned, find someone to partner up. 

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