Klaas Tuininga Insurance Agency

4055 Valley Commons Dr Suite B
Bozeman MT 59718-6432
(406) 587-0765 Phone
(1-800-398-0774) Toll Free
(406) 586-3817 Fax
Klaas@KlaasTuininga.com E-mail

 

Did you know that Uncle Sam has made it easier for you to buy your first home?

Often times one of the biggest obstacles to buying a home is saving enough money for the down payment. So to help you become a homeowner, congress changed the law to make it possible for you to withdraw up to $10,000 from your IRA and $10,000 from your spouse's IRA for a total of $20,000 which you can use to buy, build, or remodel your first home! (See pages 49-51 of IRS Publication 590, http://www.irs.gov/pub/irs-pdf/p590.pdf)

Plus, these qualified distributions are not subject to either regular income tax or the 10% additional tax for early withdrawal, when used to buy your first home!

It's a win-win situation! You get a deduction on your current tax return and have tax free money for the down payment on your first home!

So don't wait - call me! Start your IRA today with Farmers Insurance Group and you will pay less income tax now, plus accumulate money for the down payment on your first home!

PS. Farmers Insurance offers IRA plans that can be started for as little as $50 per month. Don't wait, call me today!

 

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