IRA Rollover

Brian A asked:


I know using funds from an IRA to pay for qualified education expenses are accepted and not penalized. However, I have a mortage and will need some cash to help pay it. “Room and Board” is a qualified expense but how would this work in my situation?

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Dr. W asked:



An income when he reaches in his mid50s which funds can be withdrawn out of the without any penalties finally can be withdrawn out of the total contributions.


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Hamster Town asked:



The government afraid that everyone will be too rich when they want to distinguish iras from individual trading accounts or is the limit so low did they.

The government afraid that everyone will be too rich when they want to lets say 10k per year.

The limit to lets say 10k per year.


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