averagejoe
Confused about dryer sheets
- Joined
- Dec 22, 2014
- Messages
- 4
I have 42k in 401k, and less than 5k in Roth. No cash savings besides emergency fund (just paid off some debt). I really want to buy my first home, and get in while the rates are competitive. Is it foolish to pull from the 401k for down payment (looking at 250k max home). Income is just under 80k at the moment.
The purpose of the home is for investment property. Considering certain factors, the money may do better in the house than in 401k.
Honest thoughts?
Thanks!
Sent from my iPhone using Early Retirement Forum
The purpose of the home is for investment property. Considering certain factors, the money may do better in the house than in 401k.
Honest thoughts?
Thanks!
Sent from my iPhone using Early Retirement Forum