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  Topic: Withdrawing from IRA for first home down payment
jbwaj

Replies: 12
Views: 35221

Post image iconForum: Retirement Planning   Posted: Fri Oct 30, 2015 6:53 pm   Subject: Withdrawing from IRA for first home down payment
Thanks for your feedback. I have about 20K in my IRA and my wife has 15K in hers, so I think we can each get 10K without the penalty (total 20K). That means that the 10% penalty will apply on the rema ...
  Topic: Withdrawing from IRA for first home down payment
jbwaj

Replies: 12
Views: 35221

Post image iconForum: Retirement Planning   Posted: Fri Oct 30, 2015 5:43 pm   Subject: Withdrawing from IRA for first home down payment
Hello,

My wife and I have about 35K in our IRA and we want to cash all of it for a down payment on our first home. Can we cash the entire amount and then claim that 20K was used towards down paymen ...
 
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