Retirement account dilemma
I am new to real estate investing (I have yet to buy my first property) and not a lot on money on hand. I do however have a retirement account with approximately $235,000 in it from a company I no longer work for.
My question is , how can I best use that money? I can't take it out without being penalized. Can I roll it into real estate? Or possibly roll it into the 401k I have with my current employer where I can take a loan against it?
The 401k I have is relatively small as I have only worked for this company about 1 1/2 years.
Any advice I could get would be much appreciated.