Norrie & Associates

5.0

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973-347-3347

500 International Dr Ste 125 Budd Lake, NJ 07828 - Directions

40.906964 -74.728605

www.norrielaw.com

HOURS: Mon, 9am-5:30pm; Tue, 9am-5:30pm; Wed, 9am-5:30pm; Thu, 9am-5:30pm; Fri, 9am-5:30pm; Sats and Suns Closed

PAYMENT: ATM, ATM/Debit, American Express, Discover, Mastercard, Personal Checks, Visa

About Norrie & Associates

Estate and Tax Planning, Probate and Trust Administration, Estate and Trust Litigation, Elder Care and Medicaid, Social Security Disability, Long-Term Disability Insurance, Guardianships and Conservatorships, Immigration and Naturalization, Real Estate, and Property Tax Appeals

Norrie & Associates Blog

Using Your Traditional IRA to Buy a Home

For many individuals, buying their first home is difficult because of the need to save up enough money to make the initial payment or to cover the closing costs. However, you may be able to use funds you saved in your traditional IRA to buy a home without incurring the 10% early withdrawal penalty (but you will probably still have to pay the regular income taxes on the distribution). 10% Early Withdrawal PenaltyGenerally, when you withdraw funds from a traditional IRA and you are u... READ MORE Posted June 22, 2012 at 04:47 AM