No. of Recommendations: 0
I wouldn't think of the closing costs any differently than you do the down payment. It's all money you need at the time of purchase.

I'd stash the funds in the same account with your down payment money.

However, since you seem to be intent on trying to use a Roth IRA to accomplish something it was not designed to do, the next best thing would be to transfer the Roth IRA to the same online bank that is holding your down payment money. They almost certainly will be able to open up a Roth IRA for you and then accept a transfer of the money from TD Ameritrade.

Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.