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Reply to "Borrowing from retirement accounts for down payment"
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[quote=Anonymous]We just did this but we did it in place of taking out a HELOC to make the down payment on a new house with a plan to sell our old house once we moved. So we'll pay back the retirement account as soon as we sell the old house. I would be nervous about doing this otherwise, but we tend to be financially VERY risk averse and bought a house way under our budget and only put in money that we are pretty certain we'll get back from the sale of our old house. [/quote]
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