Financial Tips

first time home buyer 401k withdrawal

Using 401k for Home Purchase: A 2014 Retrospective

If you’re a first-time homebuyer, you may consider using your 401k retirement savings to help finance the purchase. However, it’s crucial to understand the implications of such a decision, including taxes, penalties, and long-term financial impact. In this retrospective, we’ll examine the rules and regulations surrounding 401k withdrawals for home purchases in 2014 and discuss

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