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Updated over 9 years ago on . Most recent reply

Dharmesh R.'s profile image
Dharmesh R.'s profile image
Dharmesh R.
  • Investor
  • from Irvine, California
  • Member since Sep 10, 2015
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Dharmesh R.'s profile image
Dharmesh R.'s profile image
Dharmesh R.
  • Investor
  • from Irvine, California
  • Member since Sep 10, 2015
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Dharmesh R.
  • Investor
  • Irvine, CA
4
Votes |
22
Posts
Buying & Selling Real Estate

Alternative to 401k for down payment

Dharmesh R.
  • Investor
  • Irvine, CA
Posted

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?

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