All Forum Posts by: Bryan Butler

@Michael Plaks thanks all for the input. My CPA is actually pretty good. I have not talked to him yet but wanted to talk to a few others just to get some ideas. The cashout would put me in a higher tax bracket so it looks like i will keep it in a retirement account. I really appreciate the feedback.

I may have a new job opportunity and am trying to figure out what to do with my 401k. At first i was going to roll it over into a self directed roth but am also thinking of cashing it out to buy real estate outside of a retirement account. What are some options to bring up with my CPA to offset most or all of the taxes?

Myles,

I am in the same situation that your are. I live in West TN and am looking at vacation rentals in the Smoky Mountains on the other side of the state 6 hours away. I am writing this as a newbie to the VR game as well so please do not take this as an expert answer. With the vacation season only being 6-7 months long and you are buying at the end of the season I think it would be best to have at least 3 months expenses on hand to cover you in the off season. You will learn very quickly how much you will need to set aside in the peak season to cover the next off season. Good luck. Hope it goes well for you.