Updated over 1 year ago on . Most recent reply

Using 401 k as a down payment
Is it ever a good option to pull from your 401k to make a down payment?
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Basit Siddiqi
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1) Try to take the 401K loan if that is an option
2) There may be a penalty if you take out money from your 401k.
I personally took my money out of a retirement account in 2017 to invest in real estate.
I am personally happy with my decision as I made more money with real estate than if I left it in the 401k / IRA.
If you can make a higher return in real estate than in the stock market, I think it makes sense and the added return will pay for the penalty paid now.
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