How about using the retirement to purchase a home?

Question

It is a falling house market, you don't have enough money for the full purchase price and you are not qualify for a loan.

Answer 1

Sure...... if you can eat your house when you reitre.......

Answer 2

Bad idea, you will be paying taxes and penalties on your withdrawal. And you will be robbing your retirement. Wait till you can afford a house before buying one.

Answer 3

sure, look into self-directed IRA or roth IRA.

It is perfectly legal to purchase real estate with your IRA money.

Let's say you use the funds in the self-directed Roth IRA to as down payment towards an investment property and to turn this property into a rental unt. Both the rental income generated and whatever capital gains you have whenever you decide to sell, are both tax-free. This is the magic of purchasing a property using a Roth IRA.

I am not an expert on this though, so do your own due diligence on this topic.