IRAs vs. 401(k)s: Exceptions to 10% Penalty for Withdrawals Under Age 59 Differ | Kiplinger

When we bought our first house we did not withdraw any money out of our 401k. We took out a loan from our 401k and paid it back as we would any other loan. The interest paid went into our 401k as well

LTC Eugene Chu
"What is the early withdrawal penalty for 401 (k) s and IRAs?
Most distributions from 401 (k) plans and IRAs are subject to a 10% early withdrawal penalty if they are taken before you reach age 59 ½. However, like most tax rules, there are certain exceptions allowing you to withdraw funds without a penalty. This blog will address the most common exceptions to the 10% additional tax on early withdrawals."

Great to know the pros and cons -- thanks for posting