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Reply to "$1M home on $157k base compensation?-DC"
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[quote=Anonymous]From your 401k balance it sounds like you may be either a) somewhat early in your career or b)you haven’t been in a position to save all that much in retirement. Taking on a 1M house likely means saving less for retirement. Side note: hopefully you’re not thinking of liquidating any of your 401k to pay for the house- it’s a penalty on top of additional taxes. 1 m sounds like too much house. What type of house do you need? Are you supporting other family members?[/quote]
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