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John Heeney
  • Investor
  • Albany, NY
1
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401k money for investment

John Heeney
  • Investor
  • Albany, NY
Posted

Is there a way to use 401k saving to invest with out getting taxed so much??

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139
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Ian M.
  • Pittsburgh, PA
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Ian M.
  • Pittsburgh, PA
Replied

You can take a loan up to $50k and pay it back (if you're with the same company) as long as your expected return is higher than the loan interest (loan interest for a 401k is usually very low and you pay that interest back to yourself so it's definitely a win). If you changed companies, you can do a rollover to a self directed IRA and invest that money without taking a loan.

(Not profesional advise as I’m not an accountant, seek licensed professional advise before making any decisions). 

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