A 401 (k) plan is a valuable retirement account that can lead to a smoother financial journey after your career concludes. However, some people may want to tap into those funds for a home purchase.

401 (k) loan: If your employer allows it, you may be able to borrow against your 401 (k) balance to use toward a down payment on a second home. However, you'll need to pay back the loan, plus ...

In a call on an episode of The Ramsey Show, a 73-year old Arizona resident named Robin shared that she has no retirement ...

Clearly, a financial advisor who is privy to all of the specific details pertaining to the 401-K, investment account, the current home and the prospective house for purchase should be consulted.

Most 401 (k) loans must be repaid within five years through automatic payroll deductions, though you may have longer to pay if the funds are being used for a primary home purchase.

Not available to everyone. Only those with access to an employer-sponsored 401 (k) plan can consider a 401 (k) loan, and not all plans allow these loans in the first place. Lower loan cap. 401 (k ...

Borrowing amounts: According to the IRS, you can borrow up to the lesser of 50% of your 401 (k) savings or $50,000 with a 401 (k) loan. You may typically access up to 80% of your home's equity ...