- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
IRA Early Withdrawal Penalty Exceptions
My wife and I bought a property in December 2020. We need to build/renovate and are planning on using both of our IRA withdrawals for it. Would this qualify under the language "buy, build or re-build a first home" for exceptions to the early withdrawal penalty? Also, if we withdraw more than the 10k amount does the penalty apply to any amount above 10k or all of it?
Thank you
Topics:
‎September 15, 2021
8:25 AM