: Many experts consider borrowing from an annuity a "last resort" due to the high cost of fees and lost compound interest.
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can I Borrow from My Annuity for a House Down Payment? can i borrow from my annuity to buy a house
The IRS may waive the 10% early withdrawal penalty for first-time homebuyers (up to a ). However, you will still owe regular income tax on the amount withdrawn. : Many experts consider borrowing from an annuity