<prompt> Human: Heres the deal:- I make 135Kyear bonus wife has taken this year off work because baby but will start working soon- Have about 40K in an emergency fund- Have saved up roughly another 40K to use towards a downpayment of a house- Wife has an IRA account T.Rowe with a current balance of 50K and a Retirement Investment Plan Vanguard with a current balance of 12Knbsp;Were looking to buy in the next 6 months or so North East US. Our estimated budget is 350-400K. We want to have a good amount for the down payment and a bunch extra cash on hand after purchase for maintenance, upgrade, and stuff.nbsp;We are thinking of pulling all the money out from the two plans to help with that and are just looking for general advice and have some specific questions:- Is there a recommended approach when it comes to pulling money early out of these types of accounts?- As far as taxes go, both Vanguard and T.Rowe reps said that theyll hold 10 for taxes. Is that how it works?- Is there any benefit in transferring some money this year and the rest next year?  <response>: Dont take money from a retirement account. You have to pay tax plus 10 penalty. Do you really want to lose 35 to taxes? 