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Subject:  Housing equity allowance Date:  7/27/2006  6:46 PM
Author:  kungfuBBQ Number:  16 of 26

I have around $40,000 in my retirement account that is designated housing equity. My wife has around $10,000. Technically, I am supposed to be able to withdraw this money whenever I would like and not be subject to penalties or taxes. However, there is some confusion as to whether I can withdraw this amount all at once. Is there a limit to how much I can withdraw and when? How do I find the relevant information. I have done google searches and looked at the IRS documents but I am still at a loss.

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