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Money and Finances
Reply to "Financing home purchase in retirement"
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[quote=Anonymous][quote=Anonymous]I've stopped maxing my 401K in my 40s for exactly this issue. My money is going elsewhere. That said, you should get a mortgage, and you will have no trouble getting one with your asset position, on top of other retirement benefits.[/quote] OP here. What tax bracket are you in though? We are in the 37% bracket usually plus high state income tax. We have been for probably 15 years. We also plan to start Roth conversations filling the 24% tax bracket as soon as we retire. We plan to wait to 70 for SS. I think about stopping the 401k contributions above match now. At least I would be paying that taxes now. But honestly I don’t think it moves the needle much given that the returns in our 401ks have been far exceeding any annual contributions. [/quote]
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