Avoid Early 401K Withdrawal Penalties

epicrealestate epicrealestate | 5 years ago

Did you know that there are ways around early 401k withdrawal penalties? Today, Tim Berry and Matt Theriault explain multiple ways to avoid these penalties. Plus, find out the hidden dangers of paying off your mortgage early. Hear it all with Epic Real Estate on Tax Hacker Tuesday! Learn more about your ad choices. Visit megaphone.fm/adchoices

How to Avoid Mortgage Prepayment Penalties

fastexpert fastexpert | 1 year ago

If you are like most people, you probably don’t want to pay any mortgage prepayment penalties. Unfortunately, many people do not know how to avoid them. In this article, we will discuss some of the ways that you can avoid one. What is a Prepayment Penalty? A prepayment penalty is a fee that is charged by the lender if you pay off your mortgage early. This fee is typically a percentage of the total loan amount, usually as low as 2%, but can be much higher. For example, if you have a $100,000 mo...

Can I Use My 401(k) To Buy A House? | FortuneBuilders

fortunebuilders fortunebuilders | 1 year ago

Few retirement vehicles have awarded account holders a greater peace of mind than 410(k)s. Employee contributions are simultaneously able to grow and shelter taxes for decades. Average returns can reach as high as 10% a year if the funds are allocated well enough by their respective custodians. It is worth noting, however, that 401(k)s aren’t simply relegated to monthly contributions. As it turns out, employees may draw from their 401(k)s without penalty if the money is used for a qualifying p...

epicrealestate epicrealestate | 4 years ago

Unless the world's population is open to a significant paradigm shift around how they view money and building wealth, very few will ever be able to retire early, if they ever get to retire at all! Therefore, in today’s episode, Matt is not talking about boring ol' retirement, he's talking about how to retire sooner than later! Tune in and find out more! Learn more about your ad choices. Visit megaphone.fm/adchoices

epicrealestate epicrealestate | 5 years ago

Have you ever wondered how to retire early? It's not a really complicated thing to do and today, we are going to show you how to achieve it 10 times faster than the average person. Learn why shifting mindset is crucial, where to start, and how to pull it off. Learn more about your ad choices. Visit megaphone.fm/adchoices

How to facilitate or avoid jobsite political talk

constructiondive constructiondive | 1 year ago

Tuesday is Election Day, and a pivotal one with several hotly contested races at the state and national level. Protests, social media and political discussions have continued to polarize discussions on important topics, as workers increasingly find themselves engaged in disagreements at work. Often in political discourse, the goal becomes to win, not to understand nor hear the opposition, according to Alexander Alonso, chief knowledge officer for the Society of Human Resource Management. For m...

magazine magazine | 1 year ago

Fuel your body for success: Dos and don’ts of proper nutrition to boost your body and, in turn, your business. © FatCamera – E+/Getty Images It’s 5 o’clock somewhere—and another agent is just now eating their first proper meal of the day. You might be running on caffeine all day—as busy real estate pros are wont to do—but eventually, you may notice a feeling of your body suddenly crashing. So,...

BiggerPockets Money Podcast 246: Finance Friday: I Want to Cash Out My 401k Early, Should I?

biggerpockets biggerpockets | 2 years ago

“Should I cash out my 401k?” That’s a question you never want to ask in an online financial independence forum. It’s been a well-known rule to never cash out retirement […]

Warning: Hazard Ahead. Learn The Early Warning Signs You Must Avoid

timandjulieharris timandjulieharris | 9 years ago

Join Tim & Julie Harris in a discussion of some of the top "early warning signs" for problems in your real estate business based on real-life examples from our real estate coaching students. Think of it as "preventative maintenance" - recognizing the problem now & taking steps to correct it before it happens can save you a lot of time & wasted money later on. Join us every weekday at 12pm Pacific Time for the Real Estate Coaching Radio "Daily Coaching Call", which provides an engaging, entertai...

Can You Use Your 401k to Buy a House? Pros and Cons Explained - Total Mortgage Blog

totalmortgage totalmortgage | 1 year ago

First-time homebuyers quickly learn the importance of having cash flow. Between a down payment of 3.5% up to the double-digit range and other closing costs, buying a home is one of the biggest investments most people make in their lifetime. It’s not surprising that consumers are willing to dip into their retirement savings accounts to achieve this milestone. However, even if you could access your 401k to buy a house, does that mean you should? In this article, we will explore the answer to...