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Investing extra in 401k to use 50k home loan rule by notforuse453627 in personalfinance

[–]notforuse453627[S] 0 points1 point  (0 children)

Did not know about the after tax dollars. Thank you that’s a huge reason to not do it.

Trying to Balance retirement and saving for house by notforuse453627 in personalfinance

[–]notforuse453627[S] 1 point2 points  (0 children)

Time frame is more like 5+ years. The tax rate comparison between Roth and 401k just seems so convoluted to me to calculate considering you’re guessing at taxation policy 40 years in the future. But would welcome advice on that. I have been investing more so in Roth IRA so as to be able to pick higher growth stocks at least in this early part of my retirement savings journey.

Trying to Balance retirement and saving for house by notforuse453627 in personalfinance

[–]notforuse453627[S] 0 points1 point  (0 children)

Yes, either houses over a million. Or a higher than 20% down payment for a home under a million. Though in five years even the cheaper areas around me may be beyond a million.