can i use my 401k fund to buy a house for the first time , without penalties?
My wife and I are planning to buy a house in Austin TX, we are first time buyers, and I want to use my 401 k fund,can I do it with no penalties?
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My wife and I are planning to buy a house in Austin TX, we are first time buyers, and I want to use my 401 k fund,can I do it with no penalties?
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August 2nd, 2010 at 7:00 pm
Some employer’s 401K plans you to borrow or take out a loan again your 401K. In my area Boeing is a large employer & many employees take advantage of that.
Not all employers 401K plans can do it or offer it. I’d ask your employer.
http://www.401khelpcenter.com/loans.html