Posted by JamesL on March 16, 2002 at 09:42:43:
Isn’t there an early distribution penalty? 8-12% ?
That would be my main concern.
Funding to purchase house - Posted by JFB
Posted by JFB on March 15, 2002 at 23:17:02:
Question for Ed; To get quick funds to purchase a property can I take a distribution from my triditional IRA ( you have 60 days to roll over funds into another fund before you trigger any capital gains tax ) . Now before the 60 days take another distribution from my IRA and use these funds to roll over into another qualified IRA to satisify the first distribution, now I would have another 60 days to roll the second distribution into another IRA. Any problems with thinking? Replies please. Thanks