Can I Use My 401k To Buy A House

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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred either directly or indirectly, using any of the information contained in this document. Also, Kris Krohn, this video, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. Homes and information about homes in this video (if any) are historical examples, where past performance does not predict future results. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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[cesarcarmona]

When taking a hardship withdrawal from a 401k for first time homebuyer do i have to pay that back?

[legrindem-her]

but when you take from your 401K it is a loan that you will start paying back as soon as your next check. something to keep in mind and be aware of how much of a cut from your paycheck you are comfortable with.

[Vaultboy]

I have bad credit score. I owe about 5k in debt. I pay $800 for rent and i have $8000 in 401k and $5000 in 401k roth. I really wanna purchase a house or atleast do a down payment and get out of renting $800/month. Any advice? im 32

[justinbruere]

Hello. I have the ability to roll a large part of my 401k into another 401k. Since i am eligible for a rollover, couldnt i just roll that into a self directed 401k, where i can use a non recourse loan to buy property? What banks could i use for non-institutionalized funds?

[usafrance]

Most 401k or 403b accounts won't let you take the money out if you are under the age of 59.5 years old even if you pay the penalties. I am 53 and went wanted to take out all of the money from one of my 403b accounts and was told the it was not possible to touch until I was 59.5 years old even If I paid all of the penalites and taxes. I was able to take out a loan on it though.

[HD-nmiv]

It would be much better to take the money as a loan pay yourself back by the house the house would appreciate now you got your 401K money being paid back over time and the house

[dalva]

Yearly ROI of 12 to 15% on the real estate property negates the one time 10% scare tactic of the 401k administrator. It's your money and you should be able to invest it on a higher performing asset. Don't wait unit the twilight of your years to take action.

[ah]

The game plan link is leading to an error, please update

[LatinGeorge]

This is such bad advice and only trying to sell their service.