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Greetings, JDWebster, and welcome.

<<Has anybody any thoughts on using a Roth IRA just to save for a first house? Also what qualifies as a first house? I just got married, my wife already owns a house, if we sell it and I buy a house does that qualify? I'm thinking of putting the max ($2000?) a year in a Roth IRA and then taking it our in five years for a downpayment on a house. Or should I just invest my money in another fashion, UV4 for instance?>>

If you have a house now, then to qualify as a first-time home buyer you will have to shed that one and then wait two years before you will be eligible to take up to $10K from a Roth (or a traditional) IRA to buy a new one. If you put in $10K over five years, you could take it and then leave the earnings to compound. Touch the earnings before 59 ½, and you'll pay taxes and a penalty.


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