Investments & Financial Planning

Is there a way for me to withdraw money from my IRA if I need it temporarily, and then put it back?

Answer:

Yes. As long as you replace the funds within 60 days, you can withdraw the funds and not be taxed or be subject to the 10% penalty if under age 59 1/2 years old.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Investments & Financial Planning Questions

View More Questions