Difference between revisions of "Buy a Home With IRA Money"
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Buying a home is expensive and is one of the largest financial investments most people make in a lifetime. Saving enough money to make a down payment can take years. Because of this, some people choose to finance the purchase with their retirement plan. However, taking loans from your retirement plans or withdrawing money from your Individual Retirement Account (IRA) should be done as a last resort unless you meet certain requirements that will spare you from penalties and fees. | Buying a home is expensive and is one of the largest financial investments most people make in a lifetime. Saving enough money to make a down payment can take years. Because of this, some people choose to finance the purchase with their retirement plan. However, taking loans from your retirement plans or withdrawing money from your Individual Retirement Account (IRA) should be done as a last resort unless you meet certain requirements that will spare you from penalties and fees. | ||
| − | [[Category:Buying Property]] | + | [[Category: Buying Property]] |
== Steps == | == Steps == | ||
