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Money and Finances
Reply to "Using retirement money...ever a good idea?"
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[quote=Anonymous]We plan to take a 401k loan to supplement our down payment when we buy in a couple years. We have expensive childcare (nanny) currently, which limits our ability to save. But my youngest will be in school in 3 years, at which point we'll take the loan, buy the house, and be able to repay from part of the income that's currently going to the nanny. Without some clear indication that my net will be higher shortly, we probably wouldn't do this. [/quote]
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