6' 5 (1.96 m) Blake Shelton was born on June 18, 1976 in Ada, Oklahoma, USA as Blake Tollison Shelton. He was previously married to Miranda Lambert and Kaynette Gern.
A: Technically, you canât borrow money from a Roth IRA, at least not like you would from a traditional loan, but there are other options. The IRS does allow you to withdraw money from your Roth IRA, but you might have to pay a penalty.There is a way to work around the IRSâs requirements if you only need to borrow money for a short period of time by rolling over the money thatâs in your account.his is called a Roth IRA rollover. If you can't repay the full amount within 60 days, you do have the option to repay a partial amount. However, you'll have to pay a 10% penalty on the portion of the money that you keep, and there is a one-year waiting period between rollovers.
IRS Publication 590-A specifically says borrowing from your IRA is a prohibited transaction. But, if you only need the money for a month or two, and are certain you can repay it, you might be able to access the funds in your IRA without tax consequences.ne way to move money from one IRA to another is a rollover, where you take a distribution from one account and then, within 60 days, redeposit the money in another IRA.