One of the advantages to a traditional IRA is that it allows you to make a penalty-free withdrawal to purchase your first home.

Name: One of the advantages to a traditional IRA is that it allows you to make a penalty-free withdrawal to purchase your first home.
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A traditional IRA does allow penalty-free withdrawals up to $10,000 to be used towards the purchase of a first home. However, there may still be taxes owed on the withdrawn amount.

One of the Advantages to a Traditional IRA Is That