All Forum Posts by: Dan Hinkley

I currently receive a 50% employer match up to 6%. I'm 42 years old. I have successfully flipped a few homes years back but needed to stop with a new family and loss of employment. I took a new job 3 years ago but needed to relocate. I accepted a bond for deed deal on my home which will close within a few months. During this time I have been renting myself. With my money from the sale of my home I plan to purchase a primary residence and an investment property. This may be challenging... However if paused my 401K and added the 6% into my savings, it would be easier/quicker. My goal is to acquire enough investments/flips to stop 9-5 and keep cash flow coming in with investments and a flexible PT job within the next 8 years. We live modestly so I know it's obtainable. When I quit my day job, until I'm 59 whatever money I take from 401K will be penalized 10%. Also if I take a larger amount I will be in a higher tax bracket. However I do realize 50% return is awesome too! With my goals, doesthe 401K still make sense? If so, do you think pausing it until I get my real estate investment plan off the ground and moving forward makes sense?  [/url]