How to Cash Out My IRA Early to Pay My Mortgage Payment

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How to Cash Out My IRA Early to Pay My Mortgage Payment – This is a place for the community to provide tips and advice on How to Cash Out My IRA Early to Pay My Mortgage Payment. This topic was created by Adlan and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Do I Cash Out My IRA Early to Pay My Mortgage Payment?

Published: 9 years, 3 month(s) ago | Submitted by Warren Winsness | permalink

Desperate times call for desperate measures. While Individual Retirement Accounts (IRAs) are designed for use as a tax-friendly investment vehicle to fund retirement, some struggling homeowners look ...

For further reading: http://homeguides.sfgate.com/cash-out-ira-early-pay-mortgage-payment-9666.html ^[1]

Tip 2 - How to Cash Out My IRA Early to Pay My Mortgage Payment

Published: 9 years, 3 month(s) ago | Submitted by Lise - Lotte Ostermann | permalink

If you’re coming up short on paying your mortgage, retirement savings needs may be put on the back burner. Even if you’re not 59 1/2 years old, you can request a distribution from your ...

For further reading: http://budgeting.thenest.com/cash-out-ira-early-pay-mortgage-payment-26269.html ^[2]

Tip 3 - Do I Pay Off My Mortgage or Roll Over My Cashed-Out Pension?

Published: 9 years, 3 month(s) ago | Submitted by kenny merritt | permalink

If you cash out your pension after leaving a job, it's usually in your best interests to roll it into another qualified retirement plan. However, in a few limited circumstances, it may make sense or ...

For further reading: http://budgeting.thenest.com/pay-off-mortgage-roll-over-cashedout-pension-24888.html ^[3]

Tip 4 - Withdrawing IRA early to pay off large credit card debt?

Published: 9 years, 3 month(s) ago | Submitted by Stephen R Teran | permalink

I am 38 years old and married. Because of a mix of bad luck (multiple lay-offs between my husband and I over the years which led to months of unemployment, unexpected major medical bills), choice (...

For further reading: http://money.stackexchange.com/questions/38752/withdrawing-ira-early-to-pay-off-large-credit-card-debt ^[4]

Tip 5 - How to Withdraw from Your 401k or IRA for the Down Payment on a House

Published: 9 years, 3 month(s) ago | Submitted by David Breed | permalink

Buying a home can be a big step towards securing your financial future, but saving for the down payment can be very time-consuming. However, if you already have money in your retirement accounts, y...

For further reading: http://www.moneycrashers.com/401k-ira-withdrawal-down-payment-house/ ^[5]