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Amateur Investors Tap 401(k)s to Buy Homes
Some property investors are willing to take risky measures to fund their investment deals. Many have begun to cash out their 401(k)s or IRAs in order to take advantage of the housing market while it is still considered profitable.
Check out this excerpt from the article:
The decision to take money from your 401(k) is not for everyone... Galaris said amateur investors sometimes spend all their free cash on their purchases and then have to scramble to pay the fees. If the real estate market turns south again, that could leave a lot of investors in dire financial condition for their golden years.
Read more at the following link: http://cnnmon.ie/14In4EB
Photo: THINKSTOCK
Source: MONEY.CNN.com
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