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I'm 50, and have a traditional IRA valued at $210k. The problem is, I'm 50, and I've always been working towards my own boat and sailing. I'd like to invest this in a live-aboard (and this will pay for most of the boat, assuming I lose 70k) and when I leave my job 5-9 years (for which will pay the remainder and then some) be set and do this as long as I am able to. I really don't know how much I'll lose, but I'm sure close to 50% of that is possible.

I know cashing out a 401 is not a good thing financially, but I see it as a trade-off. I'm going to lose to the taxes anyways, and I'm aware of the penalties and loss of growth, but at the same time, once these doors close, I won't be able to make this decision too much longer. There comes a time that if your going to do it, you've got to pull the trigger.

So I'm curious to know thoughts and recommendations.
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