Antonio Salgado
401k withdrawal without penalties?
Hey everyone. So I know this question has been posted before but here we go -I’d like to cash out my nyc TDA account. It’s like a 401k. I no longer work for the city. I have 98k. I could do a loan for 50k. If I cash o...
Talley Haines
Roth IRA withdrawal penalty
Has the penalty for taking money out of my Roth IRA changed because of the covid deal? I know I can take my original investment out without a penalty but what about the money that has been made? i would like to use ...
Thomas D Armistead
IRA early withdrawal penalty
Should I withdraw money from IRA to invest in rental property? I have enough reserve cash to finance 1 property with Cash on cash ROI 11.9 Or I can take an early withdrawal and buy 3.The penalty reduces the Cash on ca...
Scott F.
401k Reform - Early Withdrawal Penalty
I just read in today’s WSJ “Retirement Bills in Congress Could Alter 401(k) Plans” that Rep. Brady is working on a bill in the House (as is the Senate) on reforming 401(k) plans, to include access to the funds. I sup...
Nathalie Dortonne
401k penalty for Early withdrawal?
Hi,
Has anyone experienced this before? Is it worth paying the penalty?
https://www.greatfinanciallite...
Curtis Hallenbeck
401k Withdrawal Penalty free upto $100k
Just found out I could take up to $100k withdrawal from my 401k without the 10% early withdrawal fee. Anyone else taking advantage of this opportunity? I see it as a great way to get started on my first BRRRR.
Mark Page
Avoiding 401K early withdrawal taxes, penalties ?
So I’ve borrowed against my 401 k to purchase my first short term rental property. Fortunately it’s doing really well. I need funds for my next properties and I’m planning to liquidate my 401k so I can invest that mon...
Peace Lily
410K early withdrawal with penalty, Cares act
Hi BP investors and CPA professional, I have a question re. this topic. I currently have a loan of 30,000 against my 401K. Due to furlough status since 04/01/2020 and reduction of work force, my position was eliminate...
Rich Dooley
Depreciation offsetting tax penalties for IRA withdrawal
I'm looking to invest in MF through some crowdfunding platforms. I want to take some dollars out of my IRA to do so (not doing this in a SDIRA, I have a debt investment through that). I was wondering if the tax benefi...
Eric James
Withdraw money from 403 (b) with penalty?
My current and past employers have 403 (b) retirement plans. I have put a certain percentage of my salary into the plan and they add 128%. The employer contributions became mine permanently after I worked at the jobs ...