All Forum Posts by: Trenton Petersen

These are all very valid point. Currently I am paying 1.25% in fees under my employers 457b plan for options. I have 30 more years with my employer. I do not want to continue to incur these fees so I am looking for a way to remove some money to use for other investments, namely rental properties. I would not pull the money out unless the market rebounds and I have until the end of the year to do this. If I can get it approved by my employers plan then I don’t see a lot of downside if I pull it when/if the market rebounds. I would pay the extra tax but would probably bay equal tax at the end of retirement when I pull it out. Anyways, I felt like I should explore all options instead of setting on the sidelines. 

So how could I avoid the tax? Is there a way to reinvest this money without having to pay the tax? 

i would feel more comfortable having control over my investments rather than paying someone I don’t know who doesn’t have any risk investing my money. This was taken from Robert Kiyosaki’s Rich Dad Poor Dad. Gain financial intelligence and make smart investments. 

So let me ask. What would be the benefits of taking this money and investing it in a way that you have control of it? How can you invest without paying the taxes?  

If you’re planning on being poor when you retire then keep your money in a 401k, but if you plan on being rich then that 401k will be taxes anyways and probably at a higher tax rate when you retire. Thoughts?

What would be the downside of taking out $100k from my 401k to invest in rentals using the BRRR method? Many of the books I've read discuss how a 401k is a risky investment because you don't have control of your own money.