My plan initially was to use about 32% of my salary to save for retirement while saving ~ $1000 a month for a home in the next 5-10 years (so a 60k-100k downpayment to hopefully have the home paid off with a 15 year loan)
However I am discovering:
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that I do not know at my age where my job will take me
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if I can borrow money from my 401k/Roth IRA/HSA to purchase a home if I decide to
Should I be going balls to the wall on my retirement funds and living frugally until I am ready to buy a house, or should I save gradually, and when I’m ready to buy the house just pull the trigger with money I have in a savings account?
Submitted July 23, 2018 at 10:32AM by BuiltTaco https://ift.tt/2LvghwS
