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How did I imply that? I'm talking about down payments, paid for by stock sale, 401k, or IRA loans. Maybe I'm crazy and you're right, but I think most people u
by s1artibartfast 2y ago
How did I imply that?
I'm talking about down payments, paid for by stock sale, 401k, or IRA loans.
Maybe I'm crazy and you're right, but I think most people use these vehicles to save for and fund their house purchase, not a regular savings account.
- doubleg72 2y agoNo, retirement accounts are not for saving to buy a house.
- s1artibartfast 2y agoYour loss. They are a good pre-tax investment vehicle. Last I checked you could take $10K out of ira and $50k out of a 401(k) for home down payment or new builds. You have to pay back with interest, but the interest goes to you.