Withdrawal From 401k For 1st Time Homebuye

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  • duanecpa
    Senior Member
    • Dec 2008
    • 112
    #1

    Withdrawal From 401k For 1st Time Homebuye

    It is my understanding that you can take up to $10,000 our of an IRA without paying penalties for a 1st time home buyer.

    Is the same true if the 1st time home buyer takes the $10,000 from a 401K?

    Thank you.
    Tags: None
    • WhiteOleander
      Senior Member
      • Jun 2005
      • 1370
      #2
      No, only IRA's
      You have the right to remain silent. Anything you say will be misquoted, then used against you.

        Comment

        • Lion
          Senior Member
          • Jun 2005
          • 4699
          #3
          Borrow?

          His plan might offer a loan from his 401(k) for home buying.

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