aaronc879
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jan 10, 2006
- Messages
- 5,351
I decided to buy a house. I need to put 20% down in order to qualify for the mortgage. I have two bad choices for where to get the money from. I really want the house for multiple reasons so I will do one of these things but could use some advice on which is less bad. 1) I could sell a stock that has gone down 40% in the last but is almost certain to go up in the next year. I do have short term capital gains I could offset by doing this but i'm only in the 10% tax bracket. 2) I could sell some of my Wellesley from my ROTH. I am under 59.5 but I would only be taking contributions, not profits, so if I understand correctly there would be no penalty or tax on that money. My account has been open over 5 years.
I think it's worth either of these to get this house. I know I shouldn't even be in the position where I have to choose between these options but I am so which would you choose?
I think it's worth either of these to get this house. I know I shouldn't even be in the position where I have to choose between these options but I am so which would you choose?