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Posted

I have a 37 year old homebuyer who wants to take a distribution from her ROTH  401k -  buying her first home.  Is there a  dollar limit (besides 100% of her account) that she can take?  Is this exempt from the 10% penalty if it's her first home?   What if it's her second home?

Posted

Again, check the doc. No she is not exempt. Does the plan allow for hardship withdrawals? She is too young for an in-service w/d. A hardship can only be taken for the amount needed.                                                   

4 out of 3 people struggle with math

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