How to Use a 401k for a Down Payment?

Answer A 401k plan is a retirement savings vehicle created by companies on behalf of their employees. Typically, money cannot be withdrawn from the account until you reach age 59½ without paying an early... Read More »

Top Q&A For: How to Use a 401k for a Down Payment

How to Use a 401k for a Home Down Payment?

401k plans are offered by companies to their employees to help them save for retirement. These plans restrict withdrawals before retirement, but unlike IRAs, they do permit you to take out loans ag... Read More »

Can you take 401k money to use for a down payment?

The Internal Revenue Service allows loans from 401k plans. If the loan is for a home down payment, the repayment period can be 10 years, rather than the usual five-year repayment period, according ... Read More »

Will a 401k Payment Affect My Unemployment Benefits?

Workers who are unemployed through no fault of their own are generally eligible to collect unemployment benefits. However, the rules for the unemployment insurance program are complex and vary from... Read More »

Rules for Using a 401K for a Down Payment for First Time Home Buying?

401(k) plans are retirement plans offered by employers to their employees. The money grows tax-deferred until retirement. Unlike Individual Retirement Accounts, the Internal Revenue Service does no... Read More »