D
Dood
Guest
My company matches my 401K contributions .50 cents on the dollar. If I contribute $15,500 my employer matches $7,750 unlike most employers who will only match to a certain percentage of your salary. The vesting schedule is 20% per year, so after five years I get to take all their contributions with me.
So housing prices are dropping and I am thinking of finally buying a house. I have enough for a 10% down payment BUT am thinking I might be better off saving the 20K a year I currently put into my Roth IRA and Roth 401K so I can have a bigger downpayment and potentially pay the house off in five years.
What it comes down to is should I stop investing and save the money for a huge downpayment on a house with a nice cushion, or max out Roth IRA and Roth 401K with huge employer matches and stick with a minimum downpayment on a house?
So housing prices are dropping and I am thinking of finally buying a house. I have enough for a 10% down payment BUT am thinking I might be better off saving the 20K a year I currently put into my Roth IRA and Roth 401K so I can have a bigger downpayment and potentially pay the house off in five years.
What it comes down to is should I stop investing and save the money for a huge downpayment on a house with a nice cushion, or max out Roth IRA and Roth 401K with huge employer matches and stick with a minimum downpayment on a house?