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    rogelio1234's Avatar
    rogelio1234 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 9, 2012, 08:26 PM
    I'm unemployed and I want to buy a house with my 401k
    I'm a home owner at the moment in I got fired from my job. And I'm thinking about cashingout my 401k and I want to use it on a new house that I can afford cash with no note to chase me.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
    		  
    #2

    Nov 9, 2012, 08:50 PM
    I say no, don't do it. Keep that 401(k) intact. You will cry tears of joy someday that you did and had overcome your impulse for instant gratification.
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