Taking From 401k — To Buy A House

If you have a Traditional or Roth IRA, first-time homebuyers can often withdraw up to $10,000 penalty-free.

Using your 401(k) is a "break glass in case of emergency" strategy. It can bridge the gap to homeownership, but it puts your at risk. Always consult with a financial advisor to run the numbers for your specific situation. taking from 401k to buy a house

This is the big one. When you take money out, you miss out on compound growth . Even a few years out of the market can result in tens of thousands of dollars lost by the time you retire. If you have a Traditional or Roth IRA,