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Reply to "401k or downpayment on house?"
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[quote=Anonymous]DH and I are saving for the downpayment on a house. We have a two year old and another on the way. DH makes about 100k per year and we have been maxing out his 401k because he gets a matching contribution from his employer. I make about 300k. I have stopped contributing to retirement in favor of helping us save faster for a downpayment because my employer does not match. I figure being able to buy a house in less than a year, rather than two or more years will be more financially beneficial to us and then I can resume retirement savings. Is this short sighted of me? I am 31 with 70k in retirement savings. [/quote]
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