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    VLADIMIR NARVAEZ's Avatar
    VLADIMIR NARVAEZ Posts: 4, Reputation: 1
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    #1

    Mar 8, 2010, 12:24 PM
    Can I withdraw funds from an ira to purchase a home with out penalties
    Can I withdraw funds from an ira to purchase a home with out penalties?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 8, 2010, 12:40 PM

    Up to a $10K from your IRA can be directed toward the purchase of a first home without having to pay the 10% early withdrawal penalty. But you will have to pay income tax on the withdrawal (if it's not a Roth account).

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