@Sdunivant
Using funds from a 401k for a down payment on a home is NOT an exception to the early withdrawal penalty. If you took money out of a traditional IRA, the first $10,000 would not be subject to the early withdrawal penalty. That is not true for money you take from a 401k. So if you are under 59 1/2, and you took money from your 401k, you are subject the the 10% penalty for early withdrawal AND ordinary income tax on the money you took out. It is an expensive way to make your down payment.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
