Factors When Choosing Between Equity Sharing Agreements vs. 401K Loans vs. Selling Property Outright
When it comes to retirement planning, there are a few different options available to people. One popular option is known as an equity sharing agreement. With this type of agreement, two people agree to share the ownership of a property. This can be a great way to reduce the cost of owning a property, but there are a few things to consider before entering into an equity sharing agreement.
Another option for retirement planning is taking out a loan from a 401k plan. This can be a good way to get the money needed for retirement, but it is important to understand the terms of the loan before borrowing from a 401k plan.
Finally, another option for retirement planning is selling property outright. This can be a good way to generate a lump sum of cash, but it is important to understand the tax implications of selling property before doing so.
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