Can I withdraw 401K money for house down payment and avoid penalty

[Chepanubrother]

Please throw some light of anyone has done it before

[snoww]

If First home upto 10k without any penalty. 

[Chepanubrother]

3 minutes ago, snoww said:

If First home upto 10k without any penalty. 

Thanks bro

[Chepanubrother]

Enko question bro adi tax emina padtunda and also if both wife and husband have 401k each person 10k teyacha

[snoww]

3 minutes ago, Chepanubrother said:

Enko question bro adi tax emina padtunda and also if both wife and husband have 401k each person 10k teyacha

Tax yes. Not sure about spouse. 

[Tellugodu]

16 minutes ago, Chepanubrother said:

Please throw some light of anyone has done it before

401k loan

[Vaampire]

Take home loan on 401k

[Chepanubrother]

18 minutes ago, Vaampire said:

Take home loan on 401k

Idi evadu istadu same 401k hold chese vada istada or any bank

[kiladi bullodu]

3 minutes ago, Chepanubrother said:

Idi evadu istadu same 401k hold chese vada istada or any bank

mostly hold chese vaadey 

[snoww]

3 minutes ago, Chepanubrother said:

Idi evadu istadu same 401k hold chese vada istada or any bank

401k company.

50% of your balance upto 50k 

[LadiesTailor]

33 minutes ago, snoww said:

401k company.

50% of your balance upto 50k 

First time home buyer ayuthe long time vuntundi pay off cheyyadaniki... flip side is they sell your investment for the loan amount... 

[user789]

34 minutes ago, LadiesTailor said:

First time home buyer ayuthe long time vuntundi pay off cheyyadaniki... flip side is they sell your investment for the loan amount... 

more info pls

[MiryalgudaMaruthiRao]

@Chepanubrother

[psycopk]

Nee loan affordability amount tagudi.. if you can show that you can repay 401k with out effecting mortgage yea you can go for it

[Salam_Rocky_Bhai]

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