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re: Using your 401k to buy a house
Posted on 12/30/13 at 6:52 pm to camweb68
Posted on 12/30/13 at 6:52 pm to camweb68
This is correct, forget about using the 401k money until you are 59.5 years old. Keeping the money there and consistent contributions should be a priority. Long term growth will work its magic.
1
Posted on 12/31/13 at 4:11 pm to CajunTiger92
quote:
This is correct, forget about using the 401k money until you are 59.5 years old. Keeping the money there and consistent contributions should be a priority. Long term growth will work its magic.
So if I retire at 59.5 (with 800k in 401k) & let's say I owe 80k on my home
Do I pay off my home at 80k with a cash withdrawal or keep making payments?
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