Updated about 10 years ago on . Most recent reply
Alternative to 401k for down payment
I am looking to buy a primary residence in near future. My current plan is to extract down payment money from my 401k. I know it is frowned upon but I do not have many choices. I was wondering if there is a viable alternative to raiding my 401k. If I must withdraw from 401k, is there any way to avoid 10% penalty?