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Blake Rumley
  • Rental Property Investor
  • Northern/Central NJ
9
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5
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CARES Act 401k distribution to fund REI?

Blake Rumley
  • Rental Property Investor
  • Northern/Central NJ
Posted Sep 24 2020, 16:47

Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdrawal fee prior to age 59.5. Pros/cons of this to fund real estate investing?

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