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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Similar situation here as the OP.  I was thinking of a hardship withdrawal from 401K plan to get most of the downpayment -- not wise financially, but the only alternative I can think of.  Silly?[/quote]

We are probably going to do this, we are in our early 30s and have had our money in there for 15 years and it has done nothing and even has gone down. At least once you pay off real estate you can rent it out as a steady stream of retirement income. What other investment guarantees this?[/quote]

Oh lord you need a lesson in retirement savings. I really can't beleive that your 401K money has done nothing in 15 years. Really is the amount you  put in is equal to what you currently have in there with no gains? Really? Please don't see things so short term. Investing in any sort of stocks is about the long term. Real estate is the same way. There are ups and downs but if you hold onto it for the long term there will be gains.

The issue with taking money form a 401k is that you have to pay it back. While you are paying it back you are no longer inversting and they not gaining or saving anything for that period of time.

I think too many people think "oh we are young and have plenty of time to save." not thinking that mone they put in when younger will do a lot more for them and grow more than the money they put in when they are older and near retirement. [/quote]

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