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>> A first time home buyer can take out everything he put into the Roth to put towards a house, but not the earnings, if I remember correctly. <<

Yep. And it's not just for a home purchase, it's for any reason (though a home purchase is one of the few circumstances under which I might recommend it). Contributions can always be withdrawn tax-free and penalty-free (you have, after all, already paid tax on that money). A TIRA can have up to a $10,000 withdrawal penalty-free (but not tax-free) at any age toward a first-time home purchase.

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