I am considering rolling over my 401k to an IRA so when its time to buy some property I can take $10,000 from my IRA penalty free because I am a first-time home buyer.
Only problem is an IRA is limited to $5,500 of contributions per year
So my question to you guys is "Should I rollover my 401k to an IRA so I can take that first time home buyers distribution or should I keep the 401k so I can contribute more then $5,500 per year?"
Only problem is an IRA is limited to $5,500 of contributions per year
So my question to you guys is "Should I rollover my 401k to an IRA so I can take that first time home buyers distribution or should I keep the 401k so I can contribute more then $5,500 per year?"