Thanks for the feedback!
One last piece Suzanne,
If you qualify as a first time home buyer, you can have the 10% waived on 10,000 of that distribution.
Here's an excerpt from an excellent article on the 1st time home buyer waiver on the 10% penalty:
... Uncle Sam offers various tax breaks for homeowners. He'll even bend the IRA rules
a bit to help you get into your house in the first place.
You can use up to $10,000 in IRA funds toward the purchase of your first home. If you're married, and you and your spouse are both first-time buyers, you each can pull from retirement accounts, giving you $20,000 in residential cash.
Even better is the IRS definition of first-time homebuyer. Technically, you don't have to be purchasing your very first abode. You qualify under the tax rules
as long as you, or your spouse, didn't own a principal residence at any time during the previous two years. In fact, you can even share your IRA wealth. The IRS says the first-time homebuyer using your IRA funds for a down payment can be you, your spouse, one of your children, a grandchild or a parent.
Be careful not to take out your money too soon. You must use the IRA funds within 120 days of withdrawal to pay qualified acquisition costs. This includes the costs of buying, building or rebuilding a home, along with any usual settlement, financing or closing costs."
Here's the link to the article: