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Reply to "Should I stop saving in 401K for short period to increase house down payment fund?"
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[quote=Anonymous][quote=Anonymous]I would not. Let's say you decrease your contributions 12k, that only nets you 8k after federal and state withholding. If you leave that 12k in the 401k it would be between 69k (5%) and 121k (8%) in 30 years. Mortgage rates are pretty low, you are better served with that money in the market where it should earn a better return. Your marginal tax rate is also much higher now than it will be in retirement. As an aside, I would not look at 300k as all that much. We are 35/36 with 1 who only got access to a 401k in 2011 and only recently broke 200k hhi, we have nearly 440k in 401k and another 180k in IRAs. Not saying 300k is bad - it's not - but I would not feel comfortable backing off of retirement savings. [/quote] That's insane savings, considering you only got the 401K four years ago and just recently broke 200k in HHI. WTF?!?!?![/quote]
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