Best way to save for a home down payment?

quote:

---

Are CDs much better?

---

No, MM accounts pay just as much as 12 month CDs and don't have all the restrictions.

quote:

---

Currently I have $25K in my savings and $30K in stocks (which I plan to liquidate at for the down payment). I am able to save about $2K per month. I should get a bonus sometime between now and next summer which should also help.

---

So you have roughly $55K assets, plan to add approximately $24K over the next year if nothing changes. So if stocks do nothing over the next year, and you don't add any more than you plan to, you'd be at $89K give or take, and you're goal is to be as close to $100K as possible?

You're pretty damn close, I wouldn't take too much risk if you'll need the funds a year from now. Put Savings in an Online Money Market HERE is where to quickly find a good one. or you can buy a US I-Bond at 1.18% for 12 months (probably the safest yield out there).

As far as selling your stocks, only sell the ones that are in a taxable account (obvious to most, but you never know with this board). As far as when to sell them, up to your comfort zone brother.

Don't forget you can borrow from your Roth as well if you have one.

eta: As a last resort