Buying Property in Mexico with Funds from a US IRA
06-11-2010, 02:35 AM,
#4
RE: Buying Property in Mexico with Funds from a US IRA
Mr Duck, your right on track.

It is important to realize that the reason for contributing to an IRA in the first place is to avoid paying taxes. If you withdraw early, you lose the tax advantages and are required to pay all the taxes immediately.

Your better off just paying the funds in cash or wire transfer.


Messages In This Thread
RE: Buying Property in Mexico with Funds from a US IRA - by GTOROCKS RACING TEAM - 06-11-2010, 02:35 AM

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