Current breakdown of my finances and situation
Stocks- ~$115K (I put in $25K so the capital gains tax or whatever it's called would be nasty)
Cash (Checking + Savings)- $10K
Roth 401k- $60K
Debt- None
Amount Required for down payment- ~$70K
On the website where I can look at my retirement account it gives me the option of taking out a 1-4 year loan for up to half of my retirement balance. Based off of all the financial advice I've gotten over the years this seems to go against everything I've learned but the option is most definitely enticing.
This down payment I'm looking at will be nearly $70K. Would is be crazy to take out a $30K loan from my retirement account and get the rest of the money needed (approximately $35K) out of my stocks? Or should I ONLY pull from my stocks for this down payment?
If this matters at all I'm 28 years old. Man, I'm now kicking myself for being too aggressive with my retirement!!
Submitted November 27, 2021 at 07:23AM by 52Lewis20Reed https://ift.tt/3CXf4oD
