How to Money
Ask HTM - Down Payment vs Investing, Financial Calculators FTW, & the Best High Yield Business Account #757
Dec 4, 2023
The hosts answer listener questions about high yield business accounts, using financial calculators for variable income, and finding and screening tenants. They discuss the dilemma of pausing retirement investing to save for a home down payment and share ideas for nontraditional holiday gifts. The limitations of financial calculators for accurate projections are explored, and the debate between investing in a Roth IRA versus saving for a home down payment is discussed with a balanced approach recommended.
56:18
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Quick takeaways
- Consider your reasons for buying a home before deciding between investing in a Roth IRA or saving for a down payment.
- Take into account the market dynamics of your local area when deciding whether to rent or buy a home.
Deep dives
Consider your motivations
Before deciding whether to prioritize investing in a Roth IRA or saving for a down payment, consider why you want to buy a home. If it's purely a financial decision, investing in the Roth IRA may yield higher returns. However, if you're looking for a place to put down roots and build a sense of community, buying a home can be a great lifestyle move.
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