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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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May 10, 2001

Should you tap that IRA?

By TOM KELLY
The Real Estate Advisor

Consumers have tried to keep Individual Retirement Accounts geared to serve only retirement plans, but terrific intentions sometimes have to take an alternate road.

For example, Tom Galey, a member of the military stationed in Vilseck, about 40 miles from Nuremberg in Bavaria, recently sent an email, saying he would be returning home next summer and wanted to buy a piece of property. Could he use his IRA to help purchase his first home?


 
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