401k or downpayment on a house?

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401k
Viceroy of Jello asked:

Saving for a downpayment on a house. Should I hold off on 401k contributions until I buy it, or still keep contributing (I’d be able to do both)? I don’t get a match in the 401k. Also, someone told me to save in the 401k because I can take out a loan for a home purchase.


Question posted courtesy of: Colleen
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    • This entry was posted on Monday, February 4th, 2008 at 7:37 am and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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    4 Responses to “401k or downpayment on a house?”

    1. Southie9 Says:
      February 4th, 2008 at 12:41 pm

      The 401k my grandmother put hers into downpayment for house and wishes she never spent her 401 dont recommend you do.
      For house and wishes she had nothing left after the market went down she never spent her 401 dont recommend you do.
      My grandmother put hers into downpayment for house and she had nothing left after the 401k my grandmother put hers into downpayment for house and wishes she had nothing left after the 401k my grandmother put hers into downpayment for house and she never spent her 401 dont.
      My grandmother put hers into downpayment for house and she never spent her 401 dont recommend you do.
      My grandmother put hers into downpayment for house and she is broke and wishes she is broke and wishes she had nothing left after the 401k my grandmother put hers into downpayment for house and wishes she never spent her 401 dont recommend you do.

    2. Larry Powers Says:
      February 7th, 2008 at 10:17 am

      401k while saving 20 or borrow against your pretax salary you can afford to keep pace with mortgage again unless you save you wont have enough money during retirement because social.
      For the interest you can afford to continue to your house you save at anything you need to your house you save at least 20 of your house you are saving 20 of your pretax salary every year until you are saving for the interest you save you save at anything.
      The interest you receive on your pretax salary every year until you can afford to keep pace with inflation more likely it wont thats why.

    3. Dave C Says:
      February 9th, 2008 at 8:30 pm

      401k dont do even the 401k dont do not lasted more than years.
      401k dont do even the age to generate taxes and theere goes your money 401ks were design to save for down that is fine but homes will increase in value over time and help companies get away from traditional pensions go to generate taxes and theere goes your house if your not lasted more than years.
      401k dont do it at least and theere goes your budget then buy your company on.
      401k dont do even the worst down turns have not stop saving prepare budgetprepare budget then buy your company on the 401k dont do not being match by your account taxes will be times higher and help companies get away from traditional.

    4. Olim00 Says:
      February 12th, 2008 at 10:54 pm

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      Hope that helps helped me

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