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Message
re: Taking contributions out of Roth IRA to buy land (updated 5/28/24 - not Roth)
Posted on 2/1/24 at 4:07 pm to slackster
Posted on 2/1/24 at 4:07 pm to slackster
quote:
30 years of tax free growth would make that a very difficult decision for me though, regardless of interest rates. You’ll never be able to put it all back is the frustrating part.
While I agree, I don't have 30 years left. Family history suggested maybe 15.
2
Posted on 2/1/24 at 9:43 pm to kywildcatfanone
quote:
While I agree, I don't have 30 years left. Family history suggested maybe 15.
I can't think of a worse way to spend 18-24 months of my life than to do a custom home build, especially if it was likely I only had 15 left.
Absolute puke experience.
Builds can cause divorces. Are you married?
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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