Can you cash out your 403 B? I need a downpayment for a house and I know my?

plan says the minimum you can take is $1000, and it has to be at least half. Well, I only have $1500 invested. Can I just take the whole amount? Just close my account?|||If I understand you right, you haven't been able to save up for a downpayment and you haven't been able to put much aside in your 403b either. This means that you are not ready to buy a house. Period.





Start a steady savings program, fund a special 'downpayment' savings account *AND* an emergency fund *AND* contribute to your 403b. You may not be able to do all of this at once, but start working on it, increasing your savings bit by bit. If you can manage this, your finances will eventually be in good enough shape to buy a house.|||I would TALK to you plan administrator to be sure. Usually employer sponsored retirement plans state LOANS must be at least $1000 and NO MORE than half the value. Even BEFORE taxes and penalties is the 40% range, $1500 is NOT a down payment on a house. It ALMOST qualifies as a down payment on a down payment.|||No you cannot. Plan says you may take a loan not cash out.