Hello all,
I am in the process of saving for a 20% down payment for a home that I'd
like to purchase in about 1-2 years. I'm currently 28, earning 75K a
year.
I've tried to maximize my 401K contributions and Roth IRA as much as
possible, but in doing so, I'm not able to save as quickly for the down
payment as I'd like. What is the best strategy for how I should save for
down payment without fully neglecting retirement savings. For now, I've
scaled back my retirement contributions so as to get the company match,
but
don't know if that's the best strategy (i.e. should I contribute more or
just focus all the remaining savings towards my down payment?). Thanks in
advance.
Mike
