$1,000,000 401k to Real Estate at age 60 for retirement
I am a new member on BP and this is my very first post. It amazes me all the people on BP that are so willing to help. In advance, I appreciate any and all information/help. My father is 59 years old and has $1,000,000 in his 401k. His ambition is at a all time high concerning his finances as he is concerned about funding retirement. Not the best time to be so concerned I know. He has met with multiple financial advisors who have presented plans to invest and start withdrawing from his nest egg. I am new to my own real estate ventures and I presented the option of cashing out his 401k and investing in real estate. I have been researching how to best go about this, but still haven't been able to formulate a plan. I greatly appreciate any advice or direction. I am trying to gather 3-4 different strategies/Plans of 401k to RE. Once we have the possible strategies we will be able to find what works best for him and move forward. Thanks everyone!
Austin