There’s a lot of articles saying that you shouldn’t take out 401k money early for downpay on a house. Was wondering if there’s any benefits of doing so? Assuming that I’ll be able to make money on selling this house in the future wouldn’t it be worth it or use it as rental and generate passive income. I see a house as something tangible vs 401k money just sitting there. Right now i believe they are waiving early withdrawal penalties for 401k due to coronavirus so might be an opportune time to cash out.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/frhxrq/is_it_ever_wise_to_use_401k_money_for_a_downpay/
Comments
Post a Comment