Can I Use My Annuity To Buy A House Link

If held in a retirement plan, you may borrow up to $50,000 or 50% of the balance (whichever is less).

If you are under age 59½, the IRS typically charges a 10% early withdrawal penalty on the earnings portion. 2. Annuity Loan can i use my annuity to buy a house

The IRS offers a specific "penalty-free" exception for certain retirement funds. If held in a retirement plan, you may

You can withdraw cash directly from the annuity's value to use as a down payment. If held in a retirement plan