Dear Carrie, If I want to buy a house, can I dip into my IRA for part of the down payment? —A Reader Dear Reader, Pulling together enough money for a down payment on a home purchase can be a daunting challenge for even the most conscientious of savers.
So I completely understand the temptation to dip into an IRA to make your homeownership dream come true.
While IRA withdrawals before age 59½ usually trigger a 10 percent penalty, there are exceptions—including the first-time homebuyer exemption.
Making it even more tempting, the definition of first-time homebuyer is broader than it sounds.
And yes, the IRS does allow penalty-free withdrawals of a limited amount of IRA funds for first-time homebuyers.
Following a five hour sentencing hearing that occurred in Beaumont, TX on Thursday, May 3, 2012, U. Judge Crone ordered that Blimline report to federal prison by p.m., Friday, May 18, 2012.
It held that the patent statutes provide protection to the party with a right to exclude, not the party with a right to sue.
Because the right to exclude others from practicing the patent (part of AHLT’s rights) had been separated from the right to sue for infringement (GUCLT’s rights), GUCLT was not protected under the patent statutes.
He has identified a number of claims that should be pursued taking into consideration issues of liability, damages, and collectability.
The Trustee has thus far brought two lawsuits, one against 51 broker-dealers and one against 7 former directors and officers of Provident entities.