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Reply to "Is it dumb to put most of our savings into a house? "
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[quote=Anonymous]Few points: You say you don't want risk but you think a savings acct is wrong. Whether you put it in a house or in the market, you'll be taking on risk. 2. Risk, to a degree is good. Risk means returns. If you have any hope of retiring you'll need to take some risks. 3. $100k in 401k in your mid four ties sounds quite low to me, unless your income is very very low, you should have much more. What's that going to last? 3 years? 4 at the most? 4. Rates are at historic lows. It's free money. I'd rather have that money working in the markets if I were u. But honestly at your age you should be focused on retirement savings. [/quote]
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