I'm over 60 and looking to purchase a $3 million house - should I use money from my investment accounts or 401k?
Briefly

from 24/7 Wall St.2 months ago
When considering purchasing a home using retirement funds, it's crucial to weigh the long-term implications on retirement savings versus immediate homeownership benefits.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-over-60-and-looking-to-purchase-a-3-million-house-should-i-use-money-from-my-investment-accounts-or-401k/
The key challenge when using retirement funds for home purchase is balancing liquidity needs with the potential risks of depleting savings meant for future expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-over-60-and-looking-to-purchase-a-3-million-house-should-i-use-money-from-my-investment-accounts-or-401k/
Investing retirement funds into a house can provide immediate value, yet risks jeopardizing one's retirement by redirecting money needed for planned expenses like healthcare.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-over-60-and-looking-to-purchase-a-3-million-house-should-i-use-money-from-my-investment-accounts-or-401k/
It's imperative that individuals looking to tap into retirement funds for a home understand the associated tax liabilities and the long-term impact on their financial stability.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-over-60-and-looking-to-purchase-a-3-million-house-should-i-use-money-from-my-investment-accounts-or-401k/
Read at 24/7 Wall St.
#retirement-planning #home-purchase #tax-implications #financial-strategy #investment-risks
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