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Can I take money from my 401K for first time homebuyer? How
Can I take money from my 401K for first time homebuyer? How much money can I take without getting tax on it? I have two 401K accounts (previous employer and current employer).… read more
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My family is moving from Napa CA to Florida for my job. I am
Hello - my family is moving from Napa CA to Florida for my job. I am wondering if I can use some of my 401k from a past job to purchase a home, and what we could do to minimize the tax/penalties assoc… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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This last year I purchased a home (my first), but to do so I
Hello. This last year I purchased a home (my first), but to do so I had to make an early withdraw from my 401(k) plan. I now owe $24,500 in state and federal tax. Can you help lower my tax bill? I do … read more
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Do you have insight on IRA withdrawals? In August 2015, I
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I know I can withdraw 10k from my 401k for a down payment
Hello,I know I can withdraw 10k from my 401k for a down payment with no penalty. Is this pre or post tax?Thanks, Alex… read more
emc011075
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Do you give advice on 401Krollovers, i'm planning to retire
i'm planning to retire soon, I am 49 yrs old, and want to know if real estate investment is a valid rollover for my 401K … read more
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I'm aware that there are certain exceptions for reducing the
I'm aware that there are certain exceptions for reducing the penalty amount applied to a 401k early withdrawal, i.e. withdrawing funds for a first time home purchase and higher education costs (which … read more
Phillip B, EA
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I am looking to liquidate part of my Traditional IRA and possibly
I am looking to liquidate part of my Traditional IRA and possibly my ROTH IRA to make a first time home purchase in NY. I will not be on the mortgage but I am on the contract and I will be on the deed… read more
Stephen G.
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1) What penalty and tax rate is due when a 401K is transferred
1) What penalty and tax rate is due when a 401K is transferred to an IRA, then that money is gifted to someone to buy a home as a first time home buyer? 2) What are the limits on assets in order to ap… read more
Robin D.
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My wife and I are looking into buying a house, I am first time
My wife and I are looking into buying a house, I am first time home buyer, she is not. I heard and researched about borrowing from your retirement account (in my case 403B). I have a 403(b) from my pr… read more
Robin D.
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If I buy a home with a partner as a purely investment property,
If I buy a home with a partner as a purely investment property, and I do not own anything at the moment (except emtpy parcles) would I still be able to qualify for an FHA loan when I want to buy a hou… read more
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I do believe this is a tax question. I am about to be a first
I do believe this is a tax question. I am about to be a first time home buyer, can I withdraw money from my 401k & IRA or only one of them? Thanks, Steven… read more
Lev
Lev
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Merlo
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Ive heard that I can avoid the tax penalty fee for withdrawing
I've heard that I can avoid the tax penalty fee for withdrawing my retirement fund early because I'm buying my first home - is this true?… read more
Merlo
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I am single and looking to purchase my first home. I am currently
I am single and looking to purchase my first home. I am currently considering taking either a distribution from my Roth IRA or a residential loan from my 401k to help pay for the down payment. I under… read more
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K..divorced over a year now. Fought tooth and nail to get ...
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Ed Johnson
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If I make an early withdrawal from my 401k to use towards ...
If I make an early withdrawal from my 401k to use towards the purchase of a home, will I still have to pay the early withdrawal penalty and interest?… read more
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