I know it is common wisdom to not take from your retirement unless in dire need. However I have 12k in a Roth IRA I started approximately two years ago and I want to use this money for part of a home downpaymet.
Some background: I put 9k in the account 2 years ago and haven’t contributed in maybe over a year and a half. It’s now at 12k. My wife and I have about 200k in our 401k combined, and we have no debt other than our current home. We are 32 years old.
My question: is it really that bad to take from it? Should I not? If I decide to can I just pull from my contributions (9k) without penalty? Do I have to pay it back?
Thank you in advance.
Submitted July 18, 2018 at 11:53PM by videoda https://ift.tt/2uxKG3F
