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Transfer Retirement Fund $ To Real Estate Purchase

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  • Wednesday, February 22, 2006 @ 05:53 AM EST
  • 1 Comments
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!
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  • roboxking
    roboxking22nd February, 2006
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    NewKidInTown3, I beleive that is a "prohibited transaction."

    Generally, the IRA beneficiary is a disqualified person.

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