Pooling Money from Roth IRA & 401k for First Home

[Taylor Stamm]

Hello BP, I will be finishing graduate school in about a year and am starting to look at buying my first home. I plan on house hacking a small multifamily home. I have a good chunk of money saved up, and want to know if I can supplement this saved up money with the money from my Roth IRA and 401k (from a company I interned at one summer but will no longer be working for.) as a down payment for this small multifamily home. I have about $2000 combined in the Roth IRA and 401k that I want to utilize.

If I can use this “retirement money” to supplement the down payment, are there any taxes, fees, or legalities that I should be aware of, and can I even do this in general?