NASE Blogs

Buying A Home

Wednesday, December 30, 2009
Q: Can I withdraw money from my retirement plan without penalty if I use the money to buy my first home?

A: Generally, any withdrawals that you make from a qualified retirement plan before you reach age 59 ½ are subject to a 10-percent penalty.

There are exceptions to the rule, but not for buying a first-time home.

However, depending on the type of retirement plan you have, you may be able to borrow money from your plan to purchase your first home. Your plan administrator should have written information that explains when you can borrow funds.

If your retirement plan allows borrowing for a home purchase, be sure to talk to your tax or financial advisor before you make a final decision.


  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
    Toolbar's wrapper 
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.