Using US 401k plan to purchase home in Ireland

valleygirl

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Hi there - I am trying to make a first time house purchase here in Ireland. I am permanently residing here but I have previously worked in the US and I have a 401k (retirement plan) in a US bank.
I hope to use my 401k as part of deposit for the house purchase. There are penalties and heavy taxes applied to early withdrawals from retirement plans in the US. However, my plan allows a penalty waiver for early withdrawal if the money is to be used for a first time house purchase and it is the primary residence. This is the case for me, but I can't determine if the waiver is allowed if the house purchase is made OUTSIDE of the US.
Has anyone had any experience with this type of situation - or would you know where I could seek advice?
Thanks!
 
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