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Updated about 2 years ago on . Most recent reply

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Basit Siddiqi
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Basit Siddiqi
#1 Tax, SDIRAs & Cost Segregation Contributor
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  • New York, NY
Replied

1) Try to take the 401K loan if that is an option
2) There may be a penalty if you take out money from your 401k.
I personally took my money out of a retirement account in 2017 to invest in real estate. 
I am personally happy with my decision as I made more money with real estate than if I left it in the 401k / IRA.

If you can make a higher return in real estate than in the stock market, I think it makes sense and the added return will pay for the penalty paid now.

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Basit Siddiqi CPA
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