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yes you can. as long as you have the funds.

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Q: Can you use your IRA retirement funds for a downpayment on a house?
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Related questions

What does the term 'IRA mutual funds' mean?

IRA mutual funds are those that are suitable for an IRA. An IRA is otherwise known as an 'Individual Retirement Account'. It is an account designed for retirees in the US.


What does the acronym IRA stand for in IRA funds?

There are some different ideas on the acronym IRA stands for in IRA funds. However, most of people agree with the idea that IRA stands for Individual Retirement Account.


What is a Roth IRA used for in America?

A Roth IRA in America is used for retirement and investing. It is a easy way to invest retirement funds for the future, all earnings of which are tax free dollars and can not be taken out until retirement.


What is the minimum investment for Ira's and other retirement funds?

Depends. Many banks or credit unions will allow you to open an IRA account for as little as $100.


What is a Roth retirement plan used for?

A Roth IRA allows an individual to pay taxes on the front end, when paying into the retirement plan, but not on the back end, when withdrawing the funds. Money grows in an IRA tax-free.


Where can I find an IRA calculator that can determine how much money I will have for retirement?

You can find an IRA calculator at many bank websites. You can also find one at insurance company websites like State Farm. Here is one website that has an IRA calculator that will show how much you will have for retirement: http://www.money-zine.com/Calculators/Retirement-Calculators/Roth-IRA-Funds-Calculator/


Can I Roll Other Retirement Funds Into My 401(K) Account?

Yes, you can rollover other retirement funds in to the 401(k). These funds can be from the 401(k) or 403(b) account from the prior employer, 457(b), IRA, or perhaps a SEP IRA. Rollovers from simple IRAs are permitted after 2 years of participation within the simple account.


What is the best way to save for retirement?

There are a lot of different ways to save for retirement. 401k funds, IRA funds, for example. A good starting point for research is here: http://www.dol.gov/ebsa/publications/10_ways_to_prepare.html


Is a roth ira considered a simple ira?

An IRA is essentially a "no fuss, no muss" situation.The IRA-based plans range from one with little employer involvement to ones that the employer establishes and funds.Individual Retirement AccountsAn IRA is the most basic sort of retirement arrangement. People tend to think of an IRA as something just for individuals (hence the "I" in IRA). But an employer can help its employees to set up and fund their IRAs. With an IRA, what the employee gets at retirement depends on the funding of their IRA and the earnings (or income) on those funds.


What exactly is the purpose of IRA funds?

IRA stands for Individual Retirement Account. It is a trust or an annuity set up to benefit a retiree and has significant tax advantages in the U.S.A.


Is an IRA considered a retirement plan?

Yes, and IRA is considered a retirement plan. IRA stands for Individual Retirement Account (or Individual Retirement Arrangement).


IRA Retirement?

form_title=IRA Retirement form_header=Invest in your future! Opening an IRA retirement fund will help you reach your retirement goals. What is your annual yearly income?*= _Enter Amount[50] Do you have any IRA retirement plans in your current portfolio?*= () Yes () No At what age would you be likely to consider retirement?*= _Enter Age[50]