- Nov 21, 2000
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Fairly simple question I suppse. I'm not currently maxing out my 401k. I have a seperate savings account setup that I'm putting money in towards buying a house in a few years.
I believe, but don't know the rules invovled, that you can do a one time 401k cashout for a home purchase.
Would it make more sense for me to save for my down payment inside my 401k, or keep it in a money market account at my bank?
I believe, but don't know the rules invovled, that you can do a one time 401k cashout for a home purchase.
Would it make more sense for me to save for my down payment inside my 401k, or keep it in a money market account at my bank?