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Reply to "Cashing out 401K to payoff mortgage"
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[quote=Anonymous][quote=Anonymous]To cut to the chase: Investing in real estate may be a good component to returement planning. That's for each individual to decide. BUT taking money out of your 401(k) and (i) incurring the 10% penalty, and (ii) paying taxes at the presumably higher income level that you have now, as opposed to retirement, will hardly ever be a good decision. Sure, sometimes you'll strike gold, but odds are you're better off keeping the money in the tax advantaged 401k and redirective future retirement savings to real estate. If that means delayed gratification, so be it. [/quote] are you 401k consultant[/quote]
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