Tag: roth iraSort
Can I borrow from my retirement savings to buy real estate?
Can you borrow from an IRA, 401(k) or Roth IRA to invest in a rental property or a business? — Bob H.
It can be tempting to borrow money from your retirement funds, but it's usually not a good idea, warns Frank deNapoli, senior vice president at Winslow, Evans & Crocker in Peabody, Mass. "You're shortchanging your retirement," he says.
I am 31 years old and contribute more than enough to my 401(k) to obtain the company match. I also max out my contribution to a Roth IRA every year. I would like to contribute to a Roth 401(k), but my company does not offer this plan. Can you help me understand the benefits of a Roth 401(k)? Also, do you have any recommendations on selling my company on making a Roth 401(k) option available? — Justin