Where is best to withdraw money to purchase second home?
I'm over 60 years old and in the process of purchasing a second home. I am paying cash and expect to close end of October. I will be withdrawing the money (around 225K) from my mutual funds. Probably from a high yield bond fund I have had for many years. In the spring, I hope to sell my first home and replace most of this money in my mutual fund.
So here is my question. I have enough money in my IRA mutual fund to cover this purchase as well as in my regular account. Since I am over 59 and a half does it make financial sense to take the money from my IRA or should I leave that alone and take it from my regular account?
Appreciate any help and advice anyone can provide.