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Updated over 12 years ago on . Most recent reply

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Kyle Hussey
  • Orlando, FL
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16
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Making my money work for me

Kyle Hussey
  • Orlando, FL
Posted

Podcast 49 got me thinking...I know you can take money out of an IRA without penalty if it's a first time purchase and bla bla bla. My question is this:

If I have enough money cash to put the 3.5% down on a first home purchase, Would it make sense to save the IRA money (if I moved it to a self directed IRA) for later investment purchases? Is that even possible? Obviously I am trying to avoid any penalties. Thanks guys!

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