In this candid episode of Living Wealthy, Nick Poppe pulls back the curtain on a bold and unconventional financial move he recently made, cashing out the pre-tax portion of his 401(k). While most financial experts would advise rolling those funds into an IRA or another retirement account, Nick explains why he chose to take the tax hit and penalty to access that capital now. He walks through the numbers, his thought process, and the pros and cons of this decision.

Nick discusses why control and flexibility are crucial to him as a business owner and investor, and how having access to this money today allows him to pursue opportunities he believes can outperform traditional stock market return . He’s transparent about the risks, the upfront costs, and the other downsides he faces for going against conventional wisdom. This episode provides a look at personal finance from a perspective of individual goals and unique situations.

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