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Can I use my 401k to buy a house? Pros u0026 Cons

Achieve Real Estate Team 13 views

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Comments


@FlorentGulliver
 Buying stocks might seem easy, but picking the right one without a solid plan is tough I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell Any tips on this would really help
Comment from : @FlorentGulliver


@BronzeGirl
 I thought you can take up to 10k for purchase of a home without a penalty
Comment from : @BronzeGirl


@berhegebrekristos3547
 Great info bad 🎤 tho
Comment from : @berhegebrekristos3547


@blondsciousblondie8996
 This was very helpful! Thanks for being clear and straight to the point
Comment from : @blondsciousblondie8996


@renelopez2244
 So, if I have a 4 other accounts to draw from this may be an option as I'm continuing to work for another 20 years
Comment from : @renelopez2244


@omikandre8912
 I withdrew a lot and paid my loan on 401k that’s because I am earning more this year I have been investing while working at the same time I invested through TERESA JENSEN WHITE, same woman that an anchor ‘jim cramer’ kept mentioning on CNBC, and made multiple of my start up capital within three months She lives here in the USA and she is licensed
Comment from : @omikandre8912


@jimroscovius
 There are no pros, but only cons You NEVER use a 401k for buying a home You lose the hundreds of thousands that your money would have made
Comment from : @jimroscovius


@nomiralkhier7966
 I took a loan from 401 k to buy a house January 2021 I didn’t buy a house after Now what ? Should I repay the wholly loan or keep doing monthly payments? Any penalties?
Comment from : @nomiralkhier7966


@juniorsanabria4682
 So if you pull this money out completely under the age of 59 and a half I don't need to pay that back anymore other than the 10 penalty fee?
Comment from : @juniorsanabria4682


@madelineortiz6648
 Best time to wildraw was last year for the pandemic No penalty just taxes I got 30,000 and only paid about 2,80000 in taxes Got a house and my house as increased 70k in a year
Comment from : @madelineortiz6648


@larcydoingthings
 Good share, thanks for making it easy to understand Also your daughter is adorable!
Comment from : @larcydoingthings


@blackballoon4u
 Awesome Info 👍brThank you
Comment from : @blackballoon4u


@MikeBowler
 Great information
Comment from : @MikeBowler

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