cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Can i avoid the 10% early withdrawal from a 401k if the money is used to purchase a primary residence and have not owned a home for more than 4 years?

 
1 Best answer

Accepted Solutions
Highlighted
Level 15

Can i avoid the 10% early withdrawal from a 401k if the money is used to purchase a primary residence and have not owned a home for more than 4 years?

The exception to the 10% early withdrawal penalty for up to $10,000 for first time home buyers is only available for an IRA distribution. It is not available for a 401K distribution.

View solution in original post

1 Reply
Highlighted
Level 15

Can i avoid the 10% early withdrawal from a 401k if the money is used to purchase a primary residence and have not owned a home for more than 4 years?

The exception to the 10% early withdrawal penalty for up to $10,000 for first time home buyers is only available for an IRA distribution. It is not available for a 401K distribution.

View solution in original post