Transfer Retirement Fund $ To Real Estate Purchase

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I have a small government retirement fund. I am only aware of being able to convert it to a roll-over IRA. Are there any other options without getting the 28% tax penalty? I would really like to use the money to make a primary residence real estate purchase, but without a tax penalty.



Thanks!

Comments(1)

  • roboxking22nd February, 2006

    NewKidInTown3, I beleive that is a "prohibited transaction."

    Generally, the IRA beneficiary is a disqualified person.

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