David Rodgers
Are my numbers right to start investing?
Hello BiggerPockets,
My partner and I would like to acquire our very first property next year. We want to house hack a duplex. Our goal is to have $20,000 saved up by July 2023. I myself currently have $11,000 in my ...
Did you know you can use your 401(k) to retire early? Yep, it’s possible. And today’s guest, Eric Cooper, is doing it at age 47! Most FIRE chasers search for how to withdraw from a 401(k) early but know that doing so ...
Brady Miller
Business structure: anonymity, taxed $, and retirement $
Hi all! I am interested in starting my REI business to meet a few specifications & I'd like your input on what kind of structure would work best. I understand I'll need to talk with a CPA and attorney too. Thank y...
Chadeesia Dunkley
Should I pull money out of my 401k to use for down payment???
Should I take advantage of the no penalty for pulling money out of my 401k? I want to buy my second house and I was thinking about pulling out about $25k out of my 401k to use for my down payment and closing cost. I a...
Craig Lessler
CARES Act - 457B Plan Withdrawal of $100,000
I have a 457B Plan and would like to know if I am eligible under the CARES Act as a real estate investor to withdraw $100,000 from my 457B Plan. Assuming My State job is unaffected by COVID-19, does anyone know if I ...
Michael Knaus
Can a 401K statement be used as proof of funds?
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?
Tom Jacobs
Hardship Withdrawal Merrill Lynch
I have been planning to use my 401k to use as a down payment on a home. I have been checking up until this month to see what is available for withdrawal. each month I checked the full amount was available. I just put ...
Shawn Fletcher
Rule of 55 401K Withdrawal
Hello,
Can anyone recommend a financial advisor who really knows the in/outs of "the Rule of 55" for early 401k withdrawals"?
Key Points
The Rule of 55 is a loophole that allows for early withdrawals from workplace...
Edward Stephens
Should I take a hardship withdrawal from my 401(k) for a down payment?
Dear BP Community, I am actively looking to purchase both units of a duplex, live in one unit and lease one unit (house hack). I found a property that I’m considering making an offer on, and I’m analyzing different ...