Can IRA money be used to buy a primary residence?

Yes, you can use funds from a traditional or Roth IRA to purchase a primary residence, but there are specific rules. For a traditional IRA, you can withdraw up to $10,000 penalty-free if you're a first-time homebuyer, although you will still owe income tax on the withdrawal. For a Roth IRA, you can withdraw contributions at any time tax-free, and if you've had the account for at least five years, you can also withdraw up to $10,000 of earnings tax-free for a first home purchase. Always consult a financial advisor for personalized advice.