Using 401k for down payment

QuestionsUsing 401k for down payment
Velva Krouse asked 4 years ago

I have about $ 52k in my 401k and I’m 41 years old. I have the option of taking a loan or doing a hardship withdrawal.

 

The loan of course will need to be paid back so this will be an added bill every month whereas taking the withdrawal would just be one and done.

 

Any advice on whether this is a horrible idea altogether?

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