What is the Roth IRA 5-year rule and how does it work? | Fidelity

: Funds must be used for "qualified acquisition costs" (down payment, closing costs, or building/rebuilding) within 120 days of receiving the withdrawal.

: You can withdraw up to $10,000 over your lifetime penalty-free for a home purchase.

: If both you and your spouse have IRAs and qualify, you can withdraw a total of $20,000 .

Withdraw Ira To Buy House May 2026

What is the Roth IRA 5-year rule and how does it work? | Fidelity

: Funds must be used for "qualified acquisition costs" (down payment, closing costs, or building/rebuilding) within 120 days of receiving the withdrawal. withdraw ira to buy house

: You can withdraw up to $10,000 over your lifetime penalty-free for a home purchase. What is the Roth IRA 5-year rule and how does it work

: If both you and your spouse have IRAs and qualify, you can withdraw a total of $20,000 . withdraw ira to buy house