Quote:
Originally Posted by Broken Arrow
How ever you cut this, chances are good that this is most likely not a good idea.
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Quote:
Originally Posted by sweeps
In other words -- find the money elsewhere.
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It is a bad idea to raid your retirement account for pretty much anything but retirement. I might make an exception for some catastrophe - better to raid the 401k than to file bankruptcy - but buying a home certainly isn't a catastrophe. It also isn't an emergency. If you don't have the money for a down payment, don't buy yet. Save up until you do have the 20%. If you need to stop 401k contributions for a while in order to save up for the house, do that. Just don't take out what you've already put in.