All Forum Posts by: Ben S.

Hey everyone,

Appreciate all of the  comments. Did a bit of due diligence today and realized as mentioned by George that the Roth 401k is only available for hardship withdrawals during employment. 

As suggested by several posts above, I can still use the option of the 401k loan through my employer and will still have access to a good down payment on a property.

 A ton of good responses and ideas. At least I'm to the bottom line of my options.

Ben 

Thanks everybody for the straightforward responses. I agree in certain markets in Texas, the 8500 its about a fourth of the DP for a SFR rental with conventional financing at 20%. I am going to call my custodian and just verify I can take the $ from the Roth portion without messing with the 401k Portion. I know I can take a loan on the 401k as well, if I decide to later on so all good advice.

Ben

Thanks for the response and add. I have other funds that I would apply the 8500 to. I think I just need to Contact my 401k account manager and make sure I can liquidate just the Roth portion and not the straight 401k. I may try to roll the 401k over later on to a self directed account since there is quite a bit more money in that account.

Thanks again, Ben 

Hi all,

I am a newer member on BP and this is my first post. I am looking for thoughts on whether I should pull money out of my Roth401k from work to invest in RE? I know typical tax advisors etc would tell me no way but looking for some alternative thoughts or recommendation of a tax advisor locally that I could consult with on this.

A few points-

1. Not that much money - 8500 dollars

2. Not much is earnings- 10% gross return over last 3 years~ 800 bucks of earnings

3. Have a lot more money in my pretax 401k I was planning to leave put, if possible to liquidate just roth account with my current company

Cheers,

Ben