Is using funds from your IRA for a down payment a good idea?
Posted Friday January 15, 2016 in Down Payment, Mortgage
Introduced in 1974 with the enactment of the Employee Retirement Income Security Act (ERISA), Individual Retirement Accounts (IRAs) are retirement plans in which money is stored in annuities for long-term savings. In its original form, taxpayers could contribute a maximum of $1,500 of their income per year to this annuity. At the present day, the…
