New answers tagged rollover
0
votes
What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
The timeline would look something like this:
Accept an offer on house 1
Withdraw from my IRA
Make an offer on house 2 with contingencies waived and a fully underwritten pre-approval from a lender
...
- 126k
5
votes
What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
You can do this, and people have done this before.
Main things to consider:
You can only do one indirect roll-over in 12 months period,
If you mess up on dates or amounts and miss the 60 days window ...
- 149k
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