Saturday, September 25, 2010

Open Question: CAN I USE A 401K LIKE A 403B AND BUY A HOME OUTRIGHT WITHOUT PENALTIES FROM IRS?

MY COMPANY IS GOING TO CHANGE OUR PLANS FROM 403B TO 401K...PLAN...AS A 403B PLAN I CAN USE 100% TO BUY A HOME..CAN I DO THIS WITH A 401K..IN MICHIGAN?>???..WILL I HAVE PENALTIES/??..FROM IRS?/..I WANT TO TAKE ADVANTAGE OF LOW..LOW HOME PRICES..IN MI!..I CANT GET A MORTGAGE SECONDARY FROM DIVORCE..FINANCIAL BACKLASH..BUT I DO HAVE A NEST EGG BUILT UP IN 403B...I AM YOUNG AND CAN REPLINISH IT IN SHORT TIME...UNDER 26K...BUT WANT TO JUST OUTRIGHT BUY ACHEAP HOME TO GET STARTED...SERIOUS ..LEGITIMIATE ANSWERS PLEASE..AND THANK YOU!!!
No Closing Cost Home Mortgage Refinancing

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