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Should you dip into your long accumulating mutual fund for a house purchase? |
Should you dip into your long accumulating mutual fund for a house purchase? I believe Brooks thinks you're talking about a 401k or an IRA. If you are, I would agree that it's better not to touch it. If you're talking about a mutual fund you've invested in that's not part of a 401k or IRA, I would think it's ok to use part of it while leaving the rest as a rainy-day fund. No,NO, NO NO, its to hard to put back into it at a rate that you would regain what you used. My suggestion is to either save extra hard or check into borrowing as little as you have to against your savings to purchase your home. Most plans have a option for home purchases and emergency's.Good luck. |
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