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    tillyel's Avatar
    tillyel Posts: 1, Reputation: 1
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    #1

    Mar 30, 2010, 06:28 PM
    Can I withdraw from 401k for downpymt, 1st house, 65 yrs old
    I want to withdraw funds from 401k while I am still working. I am 65 and the funds would be for the purchase of a home (1st time buyer)
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 31, 2010, 07:58 AM

    Whether your employer's plan allows you to make a hardship withdrawal for the purpose of purchasing a home depends on the specific terms the plan. Most 401(k) plans allow active employees to make a withdrawal for this, but not all. So ask your HR department. For more information on hardship withdrawals, see: Retirement Plans FAQs regarding Hardship Distributions
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