November 19, 2024
Is It Possible to Use My 401(k) to Purchase a Home?
Buying a HomeJeff HammerbergFor many people, buying a home is one of the most significant financial goals they’ll ever pursue. As home prices continue to rise, prospective buyers are exploring creative ways to come up with a down payment. One option that sometimes comes up is tapping into retirement savings, such as a 401(k), to help fund a home purchase. But is using your 401(k) for a home purchase a wise decision? Here’s a closer look at the advantages, disadvantages, and methods for […]