401k advice .... what to do ?

5 Replies

Iam a 42 year old male , with only about $11k in an IRA. Is there anyway to take the money out and put it towards an investment property without getting penalized ? I have been told that either way I would be penalized regardless.....any info would be appreciated.

@William Jason Morgan

Leave it in the Ira and buy real estate with it -in a self directed Ira -no penalties or taxes.

Don't take it out and get penalized. Just use a self-directed IRA. I believe there are a bunch of rules that come with it though. Like not being able to turn units or perform construction yourself. It may help you not work in your business and delegate work more.