Name: Can I use my 401-K to purchase a home?
Uploaded: 2024-11-23T05:00:00+00:00
Duration: 30 min 5 s
Description: Have you ever wondered if you can use your 401(k) to achieve your dream of homeownership? In this episode of The Ask Ralph Show, Ralph Estep Jr. tackles the big question: Can I Use My 401(k) to Purcha

11 months ago

Podcasts Faith and Religion

Have you ever wondered if you can use your 401(k) to achieve your dream of homeownership? In this episode of The Ask Ralph Show, Ralph Estep Jr. tackles the big question: Can I Use My 401(k) to Purchase a Home? Ralph breaks down the mechanics of 401(k) loans and withdrawals, explores the tax implications, and provides alternative solutions to help you make a wise decision. With real-life stories and biblical insights on stewardship, this episode offers valuable advice for anyone considering this financial move.

https://www.askralphpodcast.com/purchase-a-home/

Podcast Timestamps
00:00 Episode Overview
01:59 Listener’s Question: Should I Use My 401(k) for a Home?
03:50 Bible Verse: Proverbs 21:5 – The Plans of the Diligent
05:35 Understanding 401(k) Access Options:
13:44 Real-Life Scenario #1 The Martinez Family
15:52 Scenario #2 The Thompson Approach
19:20 Action Steps You Can Take
21:09 Key Takeaway
28:59 Closing