: Unlike a 401(k) loan, you cannot "pay back" an IRA withdrawal once the 120-day window expires. IRA withdrawal rules explained | Vanguard
: Withdrawing $10,000 at age 30 could cost over $170,000 in potential retirement savings by age 67. borrow money from ira to buy a house
The tax impact depends heavily on which type of account you tap: Traditional IRA Roth IRA Waived up to $10,000 for first-time buyers : Unlike a 401(k) loan, you cannot "pay
Contributions are tax-free; earnings are tax-free if the account is 5+ years old Limited to the first-time buyer exception : Unlike a 401(k) loan
: You must use the withdrawn funds within 120 days of receiving them. If the deal falls through, you must recontribute the money to the IRA within that same window to avoid penalties. Traditional vs. Roth IRA Treatment
