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re: Would it ever be ok to tap into 401k for a first time home purchase?

Posted on 11/1/15 at 12:49 am to
Posted by Volvagia
Fort Worth
Member since Mar 2006
51915 posts
Posted on 11/1/15 at 12:49 am to
Are we talking about a pull out or a loan?


Two very different situations.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 11/1/15 at 7:21 am to
quote:

Are we talking about a pull out or a loan?
OP wrote tap into. That could be a loan or a distribution. Distributions would almost always be unwise due to the potentially negative tax and investment consequences. There are more circumstances in which a loan might be a reasonable decision.
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