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The dangers of dipping into your 401K

Nicole Middendorf, wealth advisor with Prosperwell Financial, offers tips for saving for a house without dipping into your 401K.

GOLDEN VALLEY, Minn. - With the housing market as challenging as it is, some people are dipping into their 401K to come up with the money for the down payment.

Nicole Middendorf, wealth advisor with Prosperwell Financial, explains why this is a bad idea - and what other options you have.

Waiting, saving more money, adjusting your budget or getting a second job to come up with the down payment can be better alternatives.

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