Re: Started my first 401(k)
I could be wrong, but I think you have to have the money in the account for five years before you can withdraw the principal without penalty. Even then, it only qualifies for certain conditions, such as a downpayment for a house as you mentioned.
However, I believe an IRA is best used as it was intended: For retirement. (Or... is it? Anyone want to comment on that?)
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