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Aaron Simpkins
  • Rental Property Investor
  • Mustang, OK
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Vested Roth 401k questions

Aaron Simpkins
  • Rental Property Investor
  • Mustang, OK
Posted

BP CPA's, I have a question. I have a fully vested Roth 401K from a place I no longer work at. I want to leverage this Roth into my real estate investments but I am still unsure of how to fully take advantage of that. I do have the option to cash out but that is a 10% fee and will report as taxable income. I have thought about a self-directed IRA or even opening a 401(a) under my LLC. What are your opinions or experiences that I can learn from before making a decision?

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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,383
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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Aaron Simpkins

Open Ira or  if you have w2 or1099 Income open 401k and then invest in RE. Cpa can help you decide if 401k or Ira is right option. No taxes or penalties to do either one.  

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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