Taking money out of 401k for downpayment
Hi all,
I am 32 y old and have around 70k in my 401k (mainly have this cause cause company match) I am an only child (international in the US) and my parents have an extra property back home that is mine when I need it~ current value around 800k usd so I am not super worried about retirement savings. They are receiving rent and house is only gaining value so I don’t really want them to sell it for me. I am considering taking money out of my 401k to contribute towards a downpayment in the US. Does this make sense at all?
Thanks!
u/user56473 — 22 hours ago