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Updated about 1 year ago on . Most recent reply

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Kurt Brooks
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Kurt Brooks
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First-Time Home Buyer

House payment options

Kurt Brooks
Posted

62,retired,zero debt. Buying 1st house 
monthly income fromSS and small company pension is $2720,I have $1,520,000 in a rollover IRA. My question is should I just withdraw money from IRA and buy the house, or is there a better way .

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Chris Seveney
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@Kurt Brooks

Depends on how much $ you need to live off of. Also it depends where you have that money and if it is making more than the interest rate on the home.

If it was me I would probably pay cash for it if it was less than 20% of the money I had in my ira

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