What is the name of your state? FL
Hello
I plan on being a first time home owner in 2019, and I don't think I would make much money in 2019 since it will take me a while to find a job again. Since I won't be making much in 2019, I thought it would be great if I can use the 10K withdrawal from the IRA.
From what I've read I can withdraw $10k without any penalties if it's going towards my first home purchase. If I contribute to my IRA in 2019 for the tax year 2018, is it ok to withdraw it a few weeks later?
Hello
I plan on being a first time home owner in 2019, and I don't think I would make much money in 2019 since it will take me a while to find a job again. Since I won't be making much in 2019, I thought it would be great if I can use the 10K withdrawal from the IRA.
From what I've read I can withdraw $10k without any penalties if it's going towards my first home purchase. If I contribute to my IRA in 2019 for the tax year 2018, is it ok to withdraw it a few weeks later?