Can I Use 401K For Home Purchase?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Your employer has designed your 401(k) plan. In the design premature distributions are addressed.  Sometimes employers allow premature distributions for home purchase.  If your plan allows that, then taking out money would be permissible.  It is not a matter of law it is a matter of plan design. 

   Answered on August 15, 2014

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