At first glance when people ask themselves Can I use my 401k to buy a house, it doesn’t seem like such a terrible option.  Chances are you’re probably young and sitting on several thousand dollars that you don’t plan to use until decades from now.  Why not use the money in the present when you need it today? However you’ve got to remember that because your 401k was intended to be used for retirement, it won’t be as easy as withdrawing the funds you need.  You’ll need to know a few of the rules and how to avoid paying unnecessary taxes and penalties. Here are a few of the options you’ll have to choose from.   Using a 401k Loan … [Read more...]