My wife and I are close to retirement, but we want to buy a house. Should I ‘clear out’ my 401(k) for the down payment?

‘I am over 59 years of age, and I am hoping to retire in six years. My wife may retire a little before that’

A Market Watch reader wrote into their sight asking for some insight about their 401(K)s and if you want to know more about how the Market Watch answered check out this article.

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Source Article: https://www.marketwatch.com/story/my-wife-and-i-are-close-to-retirement-but-we-want-to-buy-a-house-should-i-clear-out-my-401-k-for-the-down-payment-11643852272

Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Gregory Ricks & Associates is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Gregory Ricks & Associates are not affiliated companies. 1212789 – 2/22