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Updated almost 3 years ago,

User Stats

15
Posts
4
Votes
Veronica Thomas
Pro Member
  • Rental Property Investor
  • Wynne AR
4
Votes |
15
Posts

What to do with 401K money

Veronica Thomas
Pro Member
  • Rental Property Investor
  • Wynne AR
Posted

I’ve left an employer after 9 years and have $100,000+ in retirement sitting in a 401K. I’m undecided on what to do with it.

Move it to IRA.

Roll it over to new employer.

Cash it out, pay the penalty, and buy more real estate

We own 7 investment properties. I have a full time W-2 job. My husband also has a W-2 job, but is about to leave it to work full time for our business of flipping/repairs/land clearing/construction.

  • Veronica Thomas
  • Loading replies...