<prompt> Human: Current situation:5K in IRA10K in company 401KI dont have enough in savings for a down paymentStill live at homeTwo questions1. should I take that 5K out and use it towards the purchase of my first home?2. should I roll 5K from the 401K into the IRA so I get the full 10K benefit? Because I cant take out of my 401K for a first home purchase...correct?  <response>: Absolutely not. Those accounts are for retirement. When the time comes to retire, you wont have anywhere else to pull the money from. I dont know where you are, but that dollar amount probably wont get you too far anyway for a down payment.Sorry to be blunt, but if you have to borrow from a retirement account, you probably cant afford a house at this point. Keep saving and youll get there! 