If you can draw from your 401k without penalty to pay cash for a house that you are going to live in for retirement then that is a good plan.

Land is not getting any cheaper, especially land that is on the water.

City

I wouldnt touch the 401k unless you absolutely have no choice. You never know what might happen down the road.

IMHO build a cheaper house, leave the 401k alone. You're gonna get hammered on taxes taking a huge lump sum amount out, losing the advantage of stretching the payout payments out. Hopefully your 401 is making you more $ than mortgage rates are running now. If life throws you a curve ball or when you retire you could pull out 401 $ then.

Only use 1/4 of take home pay for house payment on 15yr fixed.if pension is only take home pay an u can t do that then u can’t afford house. Too much risk for me to clean out 401k.If your 401k is invested in good mutual funds that average 10 percent a yr u will have 825k when u get 67 an u can afford pay off house without cleaning out 401k. Or u can just take interest every yr to help make payments. But your never know bout stock market. I know a payed for house is a great feeling but I would not clean out my 401 to do it.if u was younger an had time to build back 401 k it would be better if u didn t have pay a penalty just taxes.just my opinion.

Borrow the money , then you are worth twice as much

I would finance it, its likely that you won't live to pay off the loan and your family can then use your 401k to pay it off.

Just pull it all when the getting is good and pay the taxes.

Or just sell it.
Leave the money in your retirement, so it's making some money. Can't make money on money that's not there.

Yes.

I hope you are not planning on taking a lump sum on your pension if the city allows you to do so.

I’d draw enough to make payments,no way I’d clean out my 401

No way I would put that much $ into a house and debt at your age!

I'd build a cheaper house. Way cheaper.

Not sure what I would do but I can tell you for sure what I would not do. I would not touch my 401k and I would not build a house that would take me 30 years to payoff.

My pension is a set amount monthly for life with COLA built in, 401k is just my DROP money.

Have to build 2200 SF minimum for neighborhood and builders are charging anywhere from $165-$250 per sf to build. I will probably become the GC and sub it out and save about 25%

I'd buy me a few acres in the wilderness and build WTF I wanted for a LOT less per sqft.

No way would I wipe out my retirement savings (401k) to build that much house even if I had a good pension. I'd build a less expensive house somewhere else.