Scott and James discuss if you should dip into your retirement accounts to purchase a home.

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Listener Question:

Should I max out all of our retirement accounts and consider taking a loan against my 457b or take out contributions from my Roth IRA in order to make a sizeable down payment for this second home in the future? Or should I allocate a portion of that savings money into a brokerage account instead for 10 years to save for this down payment? I am leaning toward taking a loan/Roth contribution instead of brokerage due to 1) tax benefits 2) simplicity and 3) because I view it as essentially "diversifying" my retirement by putting that money toward a lakehouse.

Planning Points Discussed

• Utilizing Time Efficiently
• Capital Appreciation
• Purchasing Power
• Other issues (IRAs, Inflation, Financial Goals, etc.)

Timestamps:

2:30 - We're on YouTube HERE!

4:15 - Listener Summary

6:35 - Insurance Needs

10:32 - Different Goals & Priorities

14:30 - When To Make a Purchase

17:19 - Property Growth

20:35 - Aligning Your Financial Goals

LET'S CONNECT!

James

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Scott

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