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Message
re: Taking contributions out of Roth IRA to buy land
Posted on 2/2/24 at 11:14 am to LSUA 75
Posted on 2/2/24 at 11:14 am to LSUA 75
quote:
Seller financing would be best option.If not I would hit up the Roth if I hated where I live.
The only value of money is to make your life easier,more pleasant.
I would have been much better off financially to have stayed in my old house.We only had 1 year left on a 15 year mortgage but wife wanted to build in the country.
Only reason I agreed was some of the neighbors were making life miserable.
I was dreading the house building experience but it wasn’t nearly as bad as I anticipated.
It’s much better not having close neighbors or a HOA.
Thanks. The cost of the land is about what my investment growth has been over the last 1.5 years, so I'm trying to convince myself to take some profits and actually put them to use.
quote:
he only value of money is to make your life easier,more pleasant.
I'm also thinking about this. About to pass 40 years working and saving and feel like this expense might be justified for the life I have remaining.
Posted on 2/2/24 at 3:55 pm to kywildcatfanone
quote:
Family history suggested maybe 15.
My dad has been saying this exact thing for the last 40 years. He's nearly 80 now
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