Retirement Withdrawals, Home Purchases and the 10% Early Withdrawal Penalty

By | September 9th, 2020|Categories: Potpourri of Tax Topics|Tags: , |

If you take money out of a retirement account to buy a house (for example to make a down payment), you can avoid the 10% early withdrawal penalty ... but only on IRA withdrawals.  The rules on retirement withdrawals are tricky and vary between 401(k) accounts and IRAs. With home purchases, you can take money out [...]