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Updated about 5 years ago on . Most recent reply

Abel Sanchez's profile image
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Abel Sanchez
  • from Compton, CA
  • Member since Apr 11, 2017
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Abel Sanchez
  • from Compton, CA
  • Member since Apr 11, 2017
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Abel Sanchez
  • Compton, CA
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Innovative Strategies

Should I pull out money from my 401k account

Abel Sanchez
  • Compton, CA
Posted

So I been wanting to buy another duplex property but don’t have quite enough funds to do so, but I do have a 401k account. My question is, is it worth pulling out this money to buy another duplex? Thanks for reading.

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  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

I talk to a lot of investors. I find that most people who pull from their 401k now regret it later. I wouldn't recommend doing this.

Can you take a loan from the 401k instead of withdrawing the funds?

  • Mindy Jensen
  • [email protected]
  • Podcast Guest on Show #261
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