Comments on: Raiding the Roth IRA for a Down Payment on a House http://www.thewriterscoin.com/2008/06/12/raiding-the-roth-ira-for-a-down-payment-on-a-house/ Personal Finance, Writing, and Blogging Mon, 01 Dec 2008 21:12:02 +0000 http://wordpress.org/?v=2.6.2 By: Carrie http://www.thewriterscoin.com/2008/06/12/raiding-the-roth-ira-for-a-down-payment-on-a-house/#comment-1271 Carrie Thu, 12 Jun 2008 14:24:51 +0000 http://www.thewriterscoin.com/2008/06/12/raiding-the-roth-ira-for-a-down-payment-on-a-house/#comment-1271 My two cents - I wouldn't borrow against your ROTH, even if the rules are different than your 401k. Your ability to contribute to a ROTH is limited, and that 16k you have now will be worth 298k at 65, assuming an 8% (conservative estimate) return. I think renting another year is your best option. The market should hold steady until then, if not a little longer. My two cents - I wouldn’t borrow against your ROTH, even if the rules are different than your 401k. Your ability to contribute to a ROTH is limited, and that 16k you have now will be worth 298k at 65, assuming an 8% (conservative estimate) return.

I think renting another year is your best option. The market should hold steady until then, if not a little longer.

]]> By: Frugal Dad http://www.thewriterscoin.com/2008/06/12/raiding-the-roth-ira-for-a-down-payment-on-a-house/#comment-1270 Frugal Dad Thu, 12 Jun 2008 12:33:57 +0000 http://www.thewriterscoin.com/2008/06/12/raiding-the-roth-ira-for-a-down-payment-on-a-house/#comment-1270 You could probably guess I'd vote for the third option. I like the idea of saving up a little more and making a fat down payment. This will drive the monthly payment down and leave you with more disposable monthly cash flow over the next 30 years. With that difference you can plow it right back into investments and become wealthy much faster. You could probably guess I’d vote for the third option. I like the idea of saving up a little more and making a fat down payment. This will drive the monthly payment down and leave you with more disposable monthly cash flow over the next 30 years. With that difference you can plow it right back into investments and become wealthy much faster.

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