Hello all, new to the boards here, I have a question re my IRA and tax penalty -  did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...

Hello BP,I am considering withdrawing money from my IRA pursuant to CARES Act. According to the Act, one has to qualify to be eligible. Besides the obvious qualifiers such as being infected by the virus or losing a jo...

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...

Hi Everyone...I found out that one of my parents has substantial funds in a Money Market account that is part of his retirement portfolio. His accountant said he can invest it in ventures other than stocks, bonds, mu...

Yay! My first post!I'm wanting to buy my first rental property in the next six months. I can go and get a mortgage on a rent home, or I can cash out my IRA from a previous job. I am now a public school teacher in Texa...

BP Community,
Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another ...

I would like to withdrawal some money (~10k) from my 401k to help my mother purchase a property; is anyone familiar with this process? If you withdrawal money from your 401k are there penalties and/or taxes to pay? I ...

I have been researching a variety of ways to come up with money to finance a deal on a property and thought of pulling money from the 401k Plan that I have been investing in for the past couple of years. Does anyone h...

Under the "Cares Act"  I could make a withdrawal without penalty I get laid off or if my spouse has covid 19.  Does the same apply for Hardship if my spouse got laid off or lost her job due to Covid19???
Thanks Tom

I am new here and would like to get some input on this matter. Please don't post any comments on how taking money out of my 401k is going  ruin my future savings and compounding …blah blah...I have enough in there tha...