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Updated over 3 years ago on . Most recent reply
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Ditch 401K at W2 to create more cash on hand?
Hello,
Would like to get some advice on the thought of ditching my 401K at my W2 in order to create more cash on hand month to month. I am at the beginning of my real estate investor journey, I am currently house hacking and am looking for my 2nd property. My goal is to retire in 5 years from the W2 so would it make sense to stop the 401K? I am currently putting in about $400 a month in to it and there is a company match. I have enough cash for a decent down payment but thinking more cash is always a good thing. Would love to gain some insight from others.
Most Popular Reply
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You're better off keeping the match and then pay the early withdrawal penalty. Also worth noting: you can put back what you took out if it's within 60 days.