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Old 10-06-2006, 08:24 AM
Big TR Big TR is offline
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Join Date: Nov 2003
Location: Chicago, IL
Posts: 464
Default Re: question about investing IRA or saving towards Downpayment for hou

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withdrawing immediately to take advantage of the the "first-time home buyer" clause would be almost the same as not putting in any at all for the 2006 yr.

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qft. It would be like taking money out of your left pocket and putting it into your right pocket. Plus you'd lose the interest income you could get on the money while it was floating to and fro your investment house. Good luck.
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