Hi all,
A little background: I have been at my current job for 6 years now and have contributed to the 401k plan. I am close to 90k in that portfolio.
Here's my situation: I plan to buy a home in the next 1-2 years time frame and I want to consider using my 401k to help with that down payment (I will be a first time home buyer) based on my current area and range i want to use 20k for down-payment and any other fees associated with home buying and even renovating the question is should i look at:
1) keeping the 401k in my current plan and take a loan against myself, 2) should i move it to an IRA where i can take at least 10k out with no penalties or 3) transfer it to the new 401k plan at my new job and take a loan against my self (as in case 1)
Any suggestions / tips
Submitted September 20, 2017 at 10:47AM by I_Wear_My_Sunglasses http://ift.tt/2jKdove
