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You can also take your principal (and earnings) out of a traditional IRA penalty free if you work through the loopholes. http://www.madfientist.com/how-to-acces
by pilom 10y ago
You can also take your principal (and earnings) out of a traditional IRA penalty free if you work through the loopholes. http://www.madfientist.com/how-to-access-retirement-funds-early/ http://www.madfientist.com/how-to-access-retirement-funds-ea...
- g52oevr0in 10y agoThis is info people should be aware of, but it doesn't help me if I only have money in a traditional IRA and want to use $100k for a down payment on a house.
- nfriedly 10y agoActually, I think buying a (first) house is one of the loopholes. From the linked article: > "...you can withdraw retirement account money early to pay for education expenses, fund a first-time home purchase, ..."
- g52oevr0in 10y agoOnly up to $10k. I can withdraw $10k from my traditional IRA using that loophole, then a lot more from my roth.