Forum Replies Created
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AuthorPosts
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Raybyrnes
ParticipantRustico
I think the chart is one sided from the side of those who own and own for investment purposes.BTW I like the chart. I think that the recent new about the Fed stepping in to help has increased optimism. If the government can help with freezing mortgages as one step what else might they step in and do?
ParticipantRustico
I think the chart is one sided from the side of those who own and own for investment purposes.BTW I like the chart. I think that the recent new about the Fed stepping in to help has increased optimism. If the government can help with freezing mortgages as one step what else might they step in and do?
ParticipantRustico
I think the chart is one sided from the side of those who own and own for investment purposes.BTW I like the chart. I think that the recent new about the Fed stepping in to help has increased optimism. If the government can help with freezing mortgages as one step what else might they step in and do?
ParticipantRustico
I think the chart is one sided from the side of those who own and own for investment purposes.BTW I like the chart. I think that the recent new about the Fed stepping in to help has increased optimism. If the government can help with freezing mortgages as one step what else might they step in and do?
ParticipantFSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
ParticipantFSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
ParticipantFSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
ParticipantFSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
ParticipantFSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
ParticipantSorry, I am going to requalify the question. I wish I could start thinking about purchasig realestate inside of my IRA. That is not what I was talking about.
What I am referring too is that I believe I am eligible to withdraw funds from my Roth IRA penalty free for the purchase of a home. I believe it might also be on first homes only. I think that there is still a requirement that the funds need to have been in the IRA for 5 years.
Each successive year I wait to buy provides me additional opportunities to tap into the Roth to help with my Downpayment etc. I am also wonderingif ther is a cap on how much you can pull out.
ParticipantSorry, I am going to requalify the question. I wish I could start thinking about purchasig realestate inside of my IRA. That is not what I was talking about.
What I am referring too is that I believe I am eligible to withdraw funds from my Roth IRA penalty free for the purchase of a home. I believe it might also be on first homes only. I think that there is still a requirement that the funds need to have been in the IRA for 5 years.
Each successive year I wait to buy provides me additional opportunities to tap into the Roth to help with my Downpayment etc. I am also wonderingif ther is a cap on how much you can pull out.
ParticipantSorry, I am going to requalify the question. I wish I could start thinking about purchasig realestate inside of my IRA. That is not what I was talking about.
What I am referring too is that I believe I am eligible to withdraw funds from my Roth IRA penalty free for the purchase of a home. I believe it might also be on first homes only. I think that there is still a requirement that the funds need to have been in the IRA for 5 years.
Each successive year I wait to buy provides me additional opportunities to tap into the Roth to help with my Downpayment etc. I am also wonderingif ther is a cap on how much you can pull out.
ParticipantSorry, I am going to requalify the question. I wish I could start thinking about purchasig realestate inside of my IRA. That is not what I was talking about.
What I am referring too is that I believe I am eligible to withdraw funds from my Roth IRA penalty free for the purchase of a home. I believe it might also be on first homes only. I think that there is still a requirement that the funds need to have been in the IRA for 5 years.
Each successive year I wait to buy provides me additional opportunities to tap into the Roth to help with my Downpayment etc. I am also wonderingif ther is a cap on how much you can pull out.
ParticipantSorry, I am going to requalify the question. I wish I could start thinking about purchasig realestate inside of my IRA. That is not what I was talking about.
What I am referring too is that I believe I am eligible to withdraw funds from my Roth IRA penalty free for the purchase of a home. I believe it might also be on first homes only. I think that there is still a requirement that the funds need to have been in the IRA for 5 years.
Each successive year I wait to buy provides me additional opportunities to tap into the Roth to help with my Downpayment etc. I am also wonderingif ther is a cap on how much you can pull out.
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