I have a small IRA from and old job I worked about 10 years ago.. a little over $3,200 in a Merrill Lynch account. As a first time home buyer I can withdrawal the $3.2k penalty/tax free as long as its within 120 days of the closing date. (What I've read). I also owe 67k in student loans that I plan to have paid off 3-4 years MAX. I dont necessarily NEED the $3k to help with closing, I have the money already. Would it be wise to withdraw it and put the 3k to use somewhere??
