Stop Retirement for Down Payment?

How long should you put off saving for retirement for a down payment on a home?

QUESTION: Shawn asks if he should stop saving for retirement in order to save for a down payment on a house.  He just graduated from college, has no debt, and has his fully-funded emergency fund.

ANSWER: Yes.  Just make sure you do this in less than 18 – 24 months.  And make sure you save a huge down payment.  It better be worth it if you’re putting retirement savings on hold. 

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !