How long does it take to cash in on a 401k if you are purchasing a home?
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “How long does it take to cash in on a 401k if you are purchasing a home?”.
Filed under: 401k
Like this post? Subscribe to my RSS feed and get loads more!
not a good move to make…but if you’re going to do it it can take anywhere between 5 days to 3 weeks. You’ll have to ask your HR person how long it takes your plan specifically.
http://www.401k.org. Check your plan provisions.
More important, you are cashing in your retirement to purchase a home. You should be more concerned with the penalties you will have to take for drawing on this early, as well as the tax ramifications of doing so.