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Epic Real Estate Investing

How to Cash Out 401K (without penalty) | 630

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 14 April 2019

⏱️ 8 minutes

🧾️ Download transcript

Summary

Do you wish to access your 401k funds but the associated penalties dissuade you from doing so? Are you wondering how better off your life would be if you cash out your 401k? Today, we are showing you how to do just that – use your money without penalties. Learn when you should withdraw it, the difference between keeping your 401k untouched and cashing it out to invest in real estate, and how to decide between those 2 options.

Transcript

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0:00.0

Your financial planner wants you absolutely nowhere near,

0:03.0

not you know your 401k, anywhere near this video right now,

0:07.0

because after you see this, you just might not even need them anymore.

0:11.0

So I'm going to show you what I mean on today's episode of Financial Freedom

0:14.7

Friday.

0:20.7

Hey rockstar, I'm Mad Terrio, CEO of Epic Real Estate.

0:23.6

So you may or may not have a 401k that you're satisfied with,

0:26.4

but there's definitely been a moment,

0:28.6

maybe multiple moments where there was an opportunity out there

0:32.0

you wanted to seize and you wanted access to those funds

0:35.3

and then you went and consulted with your financial planner, you consulted with your CPA,

0:39.0

and there they were reminding you

0:43.0

and so another opportunity slips on by.

0:46.9

If you could only cash out that 401k

0:49.6

without penalty, I mean how much better off could you be? Well I've got three points

0:55.2

for you to consider today that just might change your world. All right so first you

0:59.5

got to discover the deal. That's point number one. Find a deal that you like and complete your due

1:03.9

diligence and get to a certain level of certainty that you know you're going to

1:06.7

be following through with that deal. There's no need to withdraw from your

1:10.7

401k any sooner than that. All right so so step two, you got to do the math.

1:14.8

And I say that frequently on this show,

1:15.9

and I think a lot of people think that's a little bit

...

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