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posted Jun 5, 2019 10:25:41 PM

Can I withdrawal from my ROTH 401k for a first time home purchase without penalty?

Since my 401k is a ROTH 401k can I withdrawal the $10,000 with no penalty for a first time home purchase?

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1 Replies
Level 15
Jun 5, 2019 10:25:43 PM

No.  Only funds withdrawn from an IRA can be exempt from the early withdrawal penalty, not from a 401(k) account.