Liam Martin
401K for first real estate investment
Hey BP,I am in the process of buying my first rental property. I live just outside of Boston, MA and plan to buy a property within 30 minutes of my current residence using FHA financing. I found a couple of deals that...
Sean Crean
Roth Ira
I have a Roth Ira, and I was thinking of using some of my contributions for a down payment.I know you make withdrawals if your are a first time home buyer, which I did for my Condo.But I also understood that you could...
Ryan Irwin
Using a Roth IRA vs Money Market to save for next REI purchase
Hello BP community! Going back and forth on the best way to put/save cash for my next REI. This might be an obvious answer but looking for some reassurance to see if I'm on the right track. When the mutual fund/sto...
Yair Hernandez
Investing my 401k to RE
Since I started working for my current job I have been able to save money in my 401k, I have enough to start investing in RE. I called the 401k company and said that I can withdraw all my money if I want bu I have to ...
Angel Nieves
Best way to withdrawal 401k
Hello, I want to withdrawal from my 401k to have ready for an investment opportunity.Has anyone taken a withdrawal from their 401k retirement account during this covid pandemic? Per the Care act- an individual can now...
Tyler Harrel
401k Withdrawal Tax Question
Good Evening All,
Looking to gain some insight on the Florida Tax requirements for 401k early withdrawal, such as how much will get taxed from the withdrawal and if that taxed money has to be paid up front.
Anyt...
Matthew Hite
Withdraw Retirement to Fund Real Estate
Wanted to get people's thoughts on withdrawing from my Roth retirement accounts (and taking the 10% penalty) in order to invest in real estate? I've been using the BRRRR method to purchase properties and know that my...
James McCarthy
401k Hardship Withdrawal Under Coronavirus Cares Act
I've been practically day trading in my 401K to reduce the losses from this mess, moving funds back and forth between stable value to stocks a few times a week. So far it has been working very well but one of my trade...
Isaac Molina III
Would like to fully withdraw from my 401K for REI.
Hello fellow BP members. I would like to begin investing in rental properties in 2019. One way that I would like to start is to fully withdraw from my 401K.
I have Fidelity and it is a custodian 401K. I want to, firs...
Gregg Reinbold
Early distributions from retirement plans related to COVID-19 tax
Any thoughts if the tax exemption for early withdrawal that ended in 2020 will be extended?
I will be 59.5 in five months, but I could use some money from my IRA before then.
The 20% tax for early withdrawal is t...