Using 401K to fund first-time home purchase...
Is it possible to use 401(k) funds for a first-time home purchase, without penalties?
I realize you would have to pay income taxes on the money, since it's pretax contributed.
Is there a limit on how much can be taken out for this purpose?
Disclaimer: I realize that this is probably frowned upon by the investment community, but I think it's a good idea for my situation.
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Thanks,
ea1776
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