I have recently been told about roth ira and I am trying
to find information about rules regulating rolling over
a 401k plan then withdrawing the funds for the purpose of
first time home buyer. I am very new to this and know
nothing at all about roth ira. Any help with this would be
greatly appriciated.'
thanks!!!

Roger,

This link provides information on the Roth IRA.

http://www.irs.ustreas.gov/forms_pubs/pubs...bs/p590ch02.htm

Please note if you intend to move your 401(k) assets to a Roth IRA, they must first be rolled to a traditional IRA. The assets can then be converted from the traditional IRA to the Roth IRA.


Distributions from IRAs that are used for a first time home purchase are not subjected to the 10% early withdrawal penalty that usually applied to IRA owners who are under the age of 59 ½