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Asked 3/4/2009

Can I pay off my home using 401k dollars

How would the taxes be treated if I used 401k dollars to pay off my home? I am 60 years old and out of work. I owe $130,000.00 on my home. How much would I be taxed? Does the government give any break? I don't want to lose my home or wipe out my savings. Any help?

 
 
 
 
 
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