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lost_girl_2019 OP t1_j2dbfcg wrote

Reply to comment by biondablonde in $50 isn't much, but I want to start somewhere. by lost_girl_2019

I am employed on a PRN/part time basis due to disability. I want to save this money for "retirement." I do also have a goal of working on a down payment for a house, but the retirement is my first goal. With that said, can you advise me on both goals?

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MissNguyendi t1_j2ddxsk wrote

Either way, put this in a Roth IRA.

Although, it's not recommended to withdraw money from your Roth IRA for a home purchase, you can do it with tax benefits.

> Roth IRA withdrawal rules allow you to take out up to $10,000 earnings tax and penalty-free as long as you use them for a first-time home purchase and you first contributed to a Roth account at least five years ago.

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