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401(k)
#20
Greg and Kathy, this is a tough one. depending on where you live, property may increase 5-20% a year. yes, 20% a year. So you need to figure out if the 9% you put in an IRA, that may be matched 6% by an employer, making 15%, is better than maybe 20% on a house, and you won't be pissing away your rent money every month either.

Tough call. The house won't net you anything until you sell it, so you may get a huge net payoff at the end, but you will no longer have a roof over your heads either.

Bottom line though, is if your employer has any program in place where they give you free money, you have to be a complete drooling cleft palate moron to pass up on it. And do whatever you need to do to make a mortgage payment at the same time. Here in Seattle, today I couldn't qualify for the mortgage I got 4 years ago. If your income goes up, say 6% a year, and housing goes up 10% a year.....you figure that out....but don't wait to long....
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Messages In This Thread
401(k) - by Greg the dogsitter - 12-30-2006, 04:35 PM
Re: 401(k) - by ztirffritz - 12-30-2006, 04:50 PM
Re: 401(k) - by elmo3 - 12-30-2006, 04:52 PM
Re: 401(k) - by rob banzai - 12-30-2006, 04:57 PM
Re: 401(k) - by wurm - 12-30-2006, 04:57 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:05 PM
Re: 401(k) - by Lux Interior - 12-30-2006, 05:08 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:11 PM
Re: 401(k) - by Lux Interior - 12-30-2006, 05:20 PM
Re: 401(k) - by msienkiewicz - 12-30-2006, 05:24 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:28 PM
Re: 401(k) - by trisho. - 12-30-2006, 07:44 PM
Re: 401(k) - by STL - 12-30-2006, 08:06 PM
Re: 401(k) - by elmo3 - 12-30-2006, 09:06 PM
Re: 401(k) - by Paul F. - 12-30-2006, 11:24 PM
Re: 401(k) - by raz - 12-30-2006, 11:50 PM
Re: 401(k) - by ztirffritz - 12-30-2006, 11:52 PM
Re: 401(k) - by elmo3 - 12-31-2006, 12:19 AM
Re: 401(k) - by davemchine - 12-31-2006, 06:03 AM
Re: 401(k) - by Racer X - 12-31-2006, 08:26 AM
Re: 401(k) - by raz - 12-31-2006, 04:39 PM

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