first time home buyer - owner loan » Cash Balance Pension http://firsttimehomebuyer.info blog for first time home buyers Sun, 05 Feb 2012 18:06:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 IRA Withdrawal Penalty Exception for First Time Home Buyer? http://firsttimehomebuyer.info/united-states/ira-withdrawal-penalty-exception-for-first-time-home-buyer/ http://firsttimehomebuyer.info/united-states/ira-withdrawal-penalty-exception-for-first-time-home-buyer/#comments Tue, 15 Sep 2009 16:29:55 +0000 admin http://firsttimehomebuyer.info/united-states/ira-withdrawal-penalty-exception-for-first-time-home-buyer/
jjoonthego asked:


If I roll my cash balance pension benefit from a former employer in to an IRA, can I immidiately withdrawal $20,000 without paying the 10% penalty by using the $10,000 first time home buyer exception for both myself and my wife? I am 38 and the money would be used to purchase our first home.

Thanks.

Jeremy

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