<prompt> Human: Im considering moving and buying a new house. However my current home is underwater and Id have to pay a fair amount to get out of it. Life circumstances an expanding family are why we need a bigger place or wed stay where we are. Can we take money out of our IRAs to pay for the down payment on a new house? This is NOT a first time home buyer situation but new home would be our primary residence.  <response>: You can, but youll pay taxes and a 10 penalty, assuming the money is pre-tax. Youd also be losing decades of tax deferral and neglecting your retirement. Id find another solution. 