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Subject:  Re: Condo down payment source (long) Date:  10/27/2003  5:40 PM
Author:  FriedaChopsticks Number:  1185 of 5089

Cashing out your IRA carries the additional expense of the withdrawal penalty, which is 10% before 59 1/2 (with notable exceptions).

Are first time home purchases included in this? Or are they exempt from the 10% penalty. If they aren't that's going to close this discussion right here.

Have you calculated the CAGR (compound annual growth rate) of his parent's house? House appreciation often sounds better than the