Can I withdraw my money from a traditional IRA for the downpayment on a house without penalty?
by 
bburgess
ANSWERS: 1
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If this is your first home purchase yes--up to a limit. If your IRA ia over 5 years old: You can withdraw up to $10,000 tax-free and penalty free. If your IRA is under 5 years old: You can withdraw money for first-time home purchase expenses, but it is subject to normal income tax.
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