Transfer Retirement Fund $ To Real Estate Purchase
I have a small government retirement fund. I am only aware of being able to convert it to a roll-over IRA. Are there any other options without getting the 28% tax penalty? I would really like to use the money to make a primary residence real estate purchase, but without a tax penalty.
Thanks!
NewKidInTown3, I beleive that is a "prohibited transaction."
Generally, the IRA beneficiary is a disqualified person.