401K Proceeds to Purchase your Home

Do you know that your 401K allows for a one time withdrawal to purchase your first home. Well it does!

Its actually one of a handful of reasons that you are aloud to withdraw with out a 10% penalty. You do still have to pay axes like if you earned that money during the year of the withdrawal. But for specifics I recommend that you speak to your CPA, since I’m not one.

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