Announcement

Collapse
No announcement yet.

Withdrawal From 401k For 1st Time Homebuye

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #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
    #2
    No, only IRA's
    You have the right to remain silent. Anything you say will be misquoted, then used against you.

    Comment

      #3
      Borrow?

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

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X