oh.gaylord_
Region: US
Friday 12 June 2026 11:11:25 GMT
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AlhussiA :
You cannot take out 10 k without penalty. You also don’t only pay 10 percent in taxes you pay 20 percent federal and 10 percent early withdrawal penalty to the IRS unless you are over the age of retirement
2026-08-04 18:49:05
0
DJ Uncle Derryl :
I totally agree. I borrowed 30k from my 401k to buy my house. Best thing ever
2026-06-12 21:00:57
209
PNW_reef :
Used 401k to buy my first house. It was about 23k I took. I made 180k when I sold that house.
2026-06-12 20:41:35
55
Darrenb3207 :
Most us ain’t living long enough to enjoy it cash it out now.
2026-06-13 21:26:38
62
ColemanCulture :
I can’t find anything that supports this man’s claim about not being penalized for taking out 10k for a home purchase. Maybe from an IRA but not a 401k
2026-06-14 20:53:37
12
SoberIn❌️WiScottson :
I borrowed 30k from my 401k for the Dp on my home, NO PENALTY or TAX because I pay it back with interest to myself every paycheck as a loan
2026-07-17 16:58:41
40
lupeperez3893 :
I just lost my job. I got over 120k in my 401k. Do you think its a good idea to take it all out and pay most of my mortgage. I owe close to 150k on my mortgage with 4% Interest.
2026-06-13 00:05:31
5
Bastard :
You can borrow up to $50k from your 401k and pay it off 10 to 15 years depending on plan. Interest is charged but your charging yourself so principal plus interest all go back into plan. It’s an excellent strategy houses are an investment
2026-06-14 02:07:59
5
The Diane and Willow Show! :
Used an old 401k to do this, BEST decision EVER!!!
2026-07-15 12:48:28
13
fabiolaagonza :
I cash out my 401k 25 yrs ago and I bought my home .Now worth equity 700,000 dollars..
2026-06-14 00:02:42
12
CandyB :
i pull money, to get things done around my house. its better than a bank loan
2026-06-17 01:55:53
13
AKAjbeasly :
Vanguard won’t let you get the money if there is a trick please share
2026-06-16 16:21:37
0
Pixelpusher13 :
My investments have done far better than the appreciation and costs of buying a home.
2026-07-18 20:07:41
1
¯\_(ツ)_/¯ :
This shit makes sense, finally someone giving useful financial advice for the times we live in.
2026-06-27 07:30:54
3
Carlos :
I have made more on real state than my 401k
2026-06-17 02:15:24
5
Elon Jamal Musk :
What not to do
2026-06-14 04:18:41
8
Ricky :
Can I take out to pay off a vehicle loan.?
2026-07-14 14:00:10
0
cd.406 :
I am cashing my 401k to purchase a 2nd home to rent out as a Airbnb
2026-06-15 19:29:44
3
Krusilla :
too bad I can't withdraw from my 401k unless I leave my company
2026-06-16 00:44:00
0
Shrey Khadka chhetri :
Is this applicable only to first time homebuyers?
2026-06-16 15:35:44
1
Justin time :
10k isn’t going to do anything to reduce the cost of a home. If you take out more you pay a 10% penalty plus taxes, not maybe you will, and you will loose out on years of compounding interest. Do not do this. Rent and retire early
2026-06-12 11:46:30
2
user44581586669390 :
I think it has to be your first home…no?
2026-06-15 18:28:04
1
afstall :
Do you wanna trade a 10% penalty for a 6% home mortgage?
2026-06-12 23:06:03
2
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