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OT-Can I take $$ from 401K toward home purchase>>
Posted by elSVT (more from elSVT) on Wed, 4 Feb 2004 08:35:14
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I had thought that I could take cash from my 401K to put toward the purchase of primary residence--I thought it was one of those one time only things. MY human resources person says that it has to be a 401K loan, and that if I take a dispersement I will get hit with penalties and a big tax bill. I am trying to find a way to buy my first home. Anyone know anything about taking funds from 401K plans??
Thanks for any info.
posted by 64.190.21...
Posts in this Thread:
- OT-Can I take $$ from 401K toward home purchase>>, elSVT, Wed, 4 Feb 2004 08:35:14 <-- Viewing This Message
- Re: OT-Can I take $$ from 401K toward home purchase>>, EGD , Wed, 4 Feb 2004 22:11:40
- Don't do it!, J, Wed, 4 Feb 2004 21:03:25
- Is 20% the problem, PMI?, Randy Thatcher , Wed, 4 Feb 2004 11:15:49
- Re: OT-Can I take $$ from 401K toward home purchase>>, gizmo , Wed, 4 Feb 2004 10:04:53
- better idea, jeff, Wed, 4 Feb 2004 09:38:49
- Re: OT-Can I take $$ from 401K toward home purchase>>, compaqted, Wed, 4 Feb 2004 09:02:54
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