in most cases a 401K withdrawal in this day in age is always a smart decision as long as the money is used to create residual income
Memphis, TN (PRWEB) September 11, 2012
Cashflow Savvy, founded by Epic Real Estate Investing’s Matt Theriault, is conducting their second Memphis income property tour today. The inaugural tour in July was such a success with 100% of the tour’s attendees purchasing income property, Theriault and his team had no choice but to return to Memphis to fulfill their investor demand of which had increased 300% from the previous tour.
Matt Theriault, host of a popular real estate investing podcast on iTunes (http://EpicRealEstateInvesting.com), full-time real estate investor and coach, co-founded Cashflow Savvy with Mercedes Torres in 2011. The company’s formation was inspired by their noticing of a significant portion of the senior population reaching retirement age ill-equipped to retire financially independent. Theriault and Torres having exited the “rat race” in just three short years believe the secret to an early and happy retirement is to invest in a passive income plan as opposed to the traditional savings plan.
“CDs, 401K’s, IRA’s, stocks, bonds and mutual funds aren’t working for the vast majority of people,” says Theriault. “A person has to essentially begin investing in these types of plans in their teens and never waiver for them to really work,” he continues.
One of the more common questions Theriault receives is “When is it smart to make a 401K withdrawal?”
“Every one’s situation is different and you should certainly perform a cost analysis with your CPA, but in most cases a 401K withdrawal in this day in age is always a smart decision as long as the money is used to create residual income,” is Matt’s common answer. “In most cases the 10% early withdrawal penalty can be recouped in less than a couple of years and the tax penalty can be virtually eliminated through the business tax deductions that accompanies most residual income investing... like that of rental real estate.”
Theriault offers his clients two options, either he’ll show them how to become a millionaire through real estate via his real estate investing academy (http://EpicProAcademy.com) or he’ll do it for them. The free income property tour is where Matt and his team show prospective clients exactly “how” they will do it for them.
Cashflow Savvy’s income property tour begins on a Thursday evening with an informal dinner reception on world famous Beale Street. Friday morning the bus picks up the group at the Westin Hotel in Downtown Memphis across from FedEx Center and proceeds to tour areas of Memphis urban renewal, both pre- and post- rehabbed cash flow income properties, and the headquarters for Cashflow Savvy’s property management. The rest of the day is set aside for both group and private Q&A sessions over some traditional Southern cuisine.
“With the big losses investors have experienced in real estate since 2007, many investors are starting to realize the realities of real estate investing and the time, expertise and money required for it to be a successful endeavor. In result, many are turning to turn-key operations like Cashflow Savvy,” says Theriault.
Investors interested in learning more about Cashflow Savvy’s Memphis income properties and tours can visit http://CashflowSavvy.com and download an investor’s package, or call the Los Angeles office directly at (213) 587-0084.