My employer is offering a 401k plan where they match 4%.
I have no tax saving strategies setup yet, so no IRA, Roth, what have you (yet)
My plan is to buy an apartment complex by next year: this means that I have an interest in being able to come up with as large a downpayment as I possibly can
- Given that I will need a large amount of cash within the next year, will it be a good plan to sign up for the 401k with 4% match?
- Does a 401k (or a certain variant of it exists?) allow me to take out a loan against it or liquidate it without fees and penalties for circumstances like buying an apartment complex?