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Reply to "Explain to me why it's stupid to take $$ from a 401K for a down payment"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We dumped half or ours before 2008 and bought a new house in 2011, best decision ever, our equity is double what we took out including penalties[/quote] Since $1 invested in an S&P 500 index fund on January 1, 2009 would have grown to $2.60 as of December 31, 2014, "best decision ever" seems like a stretch. You appear to have traded 160% growth for 100% growth. Oops. [/quote] Unrealized growth that you can't use! Don't forget you still will be taxed on that gain.[/quote]
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