Millennials take risky approach to financing home purchases: 1 in 3 say they tapped their retirement accounts to get into their dream home, a Bank of the West survey found.
Similar Stories to Risky Behavior: 1 In 3 Millennials Dipped Into 401(k) Or Ira To Finance Home Purchase on Bing News
USA TODAY, USA Today: Money
Fri, 07/20/2018 - 1:30am
BING NEWS:
- The average American confronts new 401(k), retirement savings facts
First, individuals contributing to their 401 (k) plans have a new limit. In 2023, the cap was set at $22,500. Now, that has increased to $23,000. The IRA contribution limit has also increased, from $6 ...
06/7/2024 - 3:54 pm | View Link - There's A Big Problem With The 401(k) Plan
At the beginning of the year - believe it or not, nearly six months ago now - we did an installment of The Juice with a similar title. We discussed some problems we have with retirement plans, such as ...
06/6/2024 - 10:04 am | View Link - 2 Pros and Cons of Tapping Your 401(k) To Buy a Home — Is it a Smart Investment?
Another finding of the BMO Real Financial Progress Index? Younger Americans are more likely to pull money from their 401(k) for a home purchase. Millennials (31% of those polled) and Gen Zers (34% of ...
06/4/2024 - 5:01 am | View Link - The Unfortunate Truth About Maxing Out Your 401(k)
A 401 (k) is an important tool -- there's no denying that. And the more people use one to put money away for retirement, the better (in most cases). However, before focusing on maxing out your 401 (k) ...
06/1/2024 - 4:00 am | View Link - More
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