01/06/2026
One of the biggest challenges when buying a home is coming up with the down payment. But a traditional IRA can help. First-time homebuyers can usually withdraw up to $10,000 from their IRAs penalty-free. (Normally, withdrawals before age 59 1/2 are subject to a 10% penalty.) But there are several rules you must follow to qualify, as well as downsides to consider. And the timing of your withdrawal will be critical. Contact us at (800) 839-5767 for more information.