Thread: 401K Question
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wcc wcc is offline
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Join Date: Aug 2005
Location: Michigan
Posts: 3,381
Bad info. I don't know about that completely. But you can do a ONE time withdrawl for a house/business/school without penelty. Bad info? I don't know exactly, so I'd have to check it out to make sure. But I heard so.

I do know this though. If you HAVE to borrow against your 401k plan for something DO NOT BUY IT! That is the worst advice I've heard of. Save your money and pay for it in full, that's the best. If not, save your money and pay a large amount down then get a loan for the remainder and pay if off early if you have to.
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Old 02-11-2008, 07:46 PM
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