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 ...
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 ...