BUYING A HOME With Your 401K Explained

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Title	:	BUYING A HOME With Your 401K Explained
Lasting	:	10.37
Date of publication	:
Views	:	24 rb

I'm new to stock and crypto I feel like I’ve missed out on good buying opportunities by investing at the wrong times With a $450K yearly income, I'm considering putting my savings into the market Do you think I should learn to invest myself or rely on a financial advisor? I'm getting frustrated trying to find the right coins on my own
Comment from : @MablePauls

5 minutes of nothing, answer the damn question
Comment from : @Lolobilljust

Starts at 2:30
Comment from : @jeanah685

This guy is full of it Put what you can inn your 401k and your Roth
Comment from : @RichWil

But I always heard that you can withdraw up to 20k from your 401k for your first home downpaynent without penalty Is this not a thing anymore?
Comment from : @franciscochacon5542

Super easy to diversify whats in your 401k and choose what your money is going into People just need to read into and choose what they want their money to do Dont be lazy
Comment from : @Paisa_Collects

I'm watching your video at 7:03 am on Monday, July 15,2024 So, with that said I'm a 59 year old woman in the process of buying my 1st year in 20 years What are you? your thoughts, please
Comment from : @marlenemcdowell4991

Did he say it's at zero percent @4:28 interest? I figured it's 1 to 2 above prime rate and prime rate in Nov 2023 was 85 so isn't 401K loan would stand at 10 plus rate and this video is a year old from June 2024 so it cannot be that off ??
Comment from : @sorabhutube

By listening to you both I feel neither of you have any complex knowledge of micro or macro economics , compounding and derivatives You use a lot of cliches and repeat words I wish you can put more intelligent content
Comment from : @jeffchance1

Saludos Nuevo Miembro su Canal Youtube klk vamos al Mambo 🏡📈🇺🇸😎💰🇩🇴🏝️
Comment from : @franciscoalvarez5912

Great content!
Comment from : @ronblack2700

How soon does it need to be repayed?
Comment from : @Christ-1

There’s a 10-35
Comment from : @PathsyMartin

I view 401k as an uncertain future Sure i can put a ton of money into it and reap some benifits after retirement, but what about now when im barely getting by?
Comment from : @bedhead-tb4qg

I had a 401k After I quit, I rolled it into an IRA brCan I turn that into a Self Directed IRA now? brI’m a realtor now and I want to invest all my money into RE instead of the stock market
Comment from : @CindaMurphyRealEstate

She’s cute
Comment from : @AnonymousAccount514

Thank you soooooo much 🥹 because am trying to buy my 1st house & my personal savings low & I got 37k in my 4o1k that am thinking to use it as a down payment
Comment from : @islandkid9721

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @Amelia-Elizabeth

Subscribed!
Comment from : @Sosublime_

Thank you for this Straightforward, with practical tips for us to take into consideration As a millennial myself, this was much needed as I’m trying to figure out what to do with my finances! You got yourself a new subscriber
Comment from : @echoi90

Thank you so much!!!!😮
Comment from : @Chiquete2023

Thank you
Comment from : @davidacosta8060

Thank you for the question Literally woke up with the question as an option in my current plans I researched in YouTube and your video was the first that popped up Perfect timing
Comment from : @SoniaGonzalez-bm9bw

Sure get the money from your 401K and pay a 35 penalty 😂 It is actually cheaper to get a 5 mortage
Comment from : @osdelhdez6796

Do you have a video on creating an LLC and how to purchase property under it financing such purchase, etc?
Comment from : @jovitak7788

My 401k is just sitting there, fluctuating with the market Does the self-directed 401 have to be offered as an option? I was told it could only be rolled over
Comment from : @christinaperez15

Thank you all for this question this was good
Comment from : @Zeek745

Love this guy MG! Appreciate the format and absolutely appreciate the topic Tapping into my 401k when the prices drop this year
Comment from : @sharazeworld

The best decision I ever made in my life was investing in the crypto market Trust me guys, it really pays a lot!
Comment from : @Mariahugo472

MG is definitely a Mortgage guy, so I can understand if he makes a few incorrect statements about 401Ks So I want to clear some things up Yes, the money in the 401K is your money But taking that money out can be expensive if not done correctly The money in your 401K can be withdrawn either with a loan or a withdrawal If you take out as a loan, there will be interest added, and that loan has to be paid back in full if you leave the company before it’s paid off If you take the money out as a withdrawal, you’ll have to pay a 10 fee, plus you’ll be taxed on the amount you withdrew as income
Comment from : @blongshanks77

“‘Manage your own destiny!” 🙌🏽 come on, Matt! Speaking my language
Comment from : @TanishaShanee

I had to use my 401K to avoid losing our second attempt at buying a home Merril Lynch would not let me use the money as a hardship, I had to take out a loan at 8
Comment from : @ROCBOYZGURLZ