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February 13, 2024
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What can i select if i took money out of my 401k if it was to pay rent

  • February 13, 2024
  • 2 replies
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Best answer by dmertz

Using the money to pay rent is also not an exception to an early-distribution penalty.

2 replies

February 13, 2024

Paying rent is considered ‌a personal expense. You should answer "something else" when asked what you did with your 401(k) withdrawal.

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dmertzAnswer
Employee
February 13, 2024

Using the money to pay rent is also not an exception to an early-distribution penalty.