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Message
re: Emergency Fund
Posted on 3/20/14 at 7:39 pm to Teddy Ruxpin
Posted on 3/20/14 at 7:39 pm to Teddy Ruxpin
quote:
(I already max my 401k match and ROTH for both the fiancee and myself). Right now I have 10k in a "high yield" online savings account.
Where would you put house down payment savings? Looking to buy before 2017, most likely late 2015 or in 2016.
First off, do you max the 401, or just contribute enough to get the maximum match?
Second, rates are still very good, I'd be pulling whatever strings I could to go ahead and get the house earlier even if you have to pay PMI for a little while. Run the numbers first, of course.
1
Posted on 3/21/14 at 12:09 am to foshizzle
I do up to 401k match, so I know I have more room there to take advantage of tax sheltering but wasn't sure if the issues with earning money on down payment money would necessitate not being able to use it at this time (401k penalty).
In any event I think my time horizon is Too limited to invest that money because I do want to purchase soon to take advantage of rates.
In any event I think my time horizon is Too limited to invest that money because I do want to purchase soon to take advantage of rates.
This post was edited on 3/21/14 at 12:25 am
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