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  2. Can I use my 401(k) to buy a house? - AOL

    www.aol.com/finance/401-k-buy-house-221331097.html

    In some cases, you can withdraw funds from your 401(k) for a down payment on the purchase of a principal residence: ... 401(k) loan interest rates are generally a point or two above the prime rate.

  3. The pros and cons of taking out a 401(k) loan - AOL

    www.aol.com/finance/pros-cons-taking-401-k...

    For example, if you had a 401(k) loan balance and left your employer in January 2024, you’ll have until April 15, 2025 to repay the loan to avoid default and any tax penalty for the early ...

  4. Younger homeowners more likely to have used retirement ... - AOL

    www.aol.com/finance/younger-homeowners-more...

    You can use your retirement savings for a home down payment. However, raiding your 401(k) or individual retirement account (IRA) comes with significant downsides. ... If you take a 401(k) loan or ...

  5. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

    www.aol.com/finance/8-ways-penalty-free...

    Taking money out of a 401(k) for a down payment can be trickier. “When the 401(k) has both a loan provision and hardship withdrawal provision, the participant must first use the loan provision ...

  6. Should I draw from my retirement accounts to pay for home ...

    www.aol.com/finance/draw-retirement-accounts-pay...

    Another consideration is that you may be able to borrow more than you would with a 401(k) loan. Some lenders will let you borrow up to $100,000 — as long as you have the credit and income to ...

  7. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    If you need cash for an emergency or to pay down debt, your 401(k) plan may allow you to take out a loan and borrow up to 50 percent of your vested balance, but not more than $50,000.

  8. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620 ... 401(k), IRA and Keogh distributions. Copies of statements and/or tax returns.

  9. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    Not all retirement plans allow for 401(k) loans, but if yours does, you could be eligible for a loan of up to 50% of your vested balance or $50,000, whichever is highest.