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Use Roth IRA funds for the down payment on a home?
October 15, 2009
Home ownership is a great investment opportunity, and depending upon location, this is a great market to buy a home at the price it was 2-4 years ago. However, if an individual does not have enough cash on hand for the down payment, is it a good idea to use funds from his or her Roth IRA?
Holistic financial advisors are in a great position to advise clients with this question, since they know their clients well and can assess their:
Age
Ability to save
Employment stability and employability
Debt and attitudes toward debt