Cashing out on 401K/IRA to purchase apartment building
Looking for insight on the detailed process of braving the idea of cashing out my retirement plan to purchase apartment building. I would appreciate some specifics on a reputable intermediary to utilize to make everything legal and clean. Would I be able to start utilizing rent for ash flow at 59 1/2 years old? Would it be taxed as "ordinary income" at that point? Trying to be smart about getting future tax bracket as low as possible as I should have pretty good cash flow from other rental properties. Would love to hear from someone who has been through it rather than just the websites that tell you they can help you complete the process.