Making my money work for me

[Kyle Hussey]

Podcast 49 got me thinking...I know you can take money out of an IRA without penalty if it's a first time purchase and bla bla bla. My question is this:

If I have enough money cash to put the 3.5% down on a first home purchase, Would it make sense to save the IRA money (if I moved it to a self directed IRA) for later investment purchases? Is that even possible? Obviously I am trying to avoid any penalties. Thanks guys!