Roth IRA withdrawal to buy first house
I took monies out of my Roth IRA to purchase my first house 2008, $8K. Can I replace those funds at any time without any issues back into the Roth? We currently make over the maximum salaries to put new monies into a Roth IRA.
Permalink Submitted by Alan - IRA critic on Sun, 2019-05-05 23:22
If you took that distribution 11 years ago, you cannot replace those particular funds. If you do not qualify for regular Roth contributions now, you may be able to do back door Roth contributions if you do not have a pre tax IRA. That is done by making a non deductible TIRA contribution and then converting it right away.