Can I withdraw money for a first-time home purchase with my accounts?
Yep, your contributions are your money that you already paid taxes on so you can do whatever you want with it the same as any other income you have paid taxes on. The complex rules only apply to earnings that have accumulated in your Roth since they are untaxed. If you want to also remove the earnings, you apply the 5-year rule to the date of your earliest Roth contribution. All of your Roth accounts are treated as one combined account, and your wife’s are separate. In addition to the 5-year rule for distribution of earnings, you must also satisfy the first time home purchase rule to avoid penalties, with a limit of $10K. For withdrawing your own contributions, there is no $10K limit — it’s your money. So by stuffing the money temporarily in your Roth, you get the benefit of accumulating tax free earnings and can still take out an unlimited amount of contributions later for whatever purpose — it doesn’t have to be a house. If you want to take out the earnings as well, then you have t
