Comments on: Reader Question — Should You Save for Retirement or a House? http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/ Attempts at a Sustainable Lifestyle... Sat, 21 Nov 2009 16:47:07 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: shadox http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-475 shadox Wed, 07 Nov 2007 02:50:57 +0000 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-475 Buying a house is not always the most financially prudent option. My wife and I have been renting our house for the past 5 years. We can afford to buy a house, but much prefer to invest our money in higher yielding and more diversified portfolio (including a stocks, bonds and diversified real-estate). In my opinion, retirement savings are superior to house savings. The main reason is the tax benefits of saving for retirement. Buying a house is not always the most financially prudent option. My wife and I have been renting our house for the past 5 years. We can afford to buy a house, but much prefer to invest our money in higher yielding and more diversified portfolio (including a stocks, bonds and diversified real-estate).

In my opinion, retirement savings are superior to house savings. The main reason is the tax benefits of saving for retirement.

]]> By: How Asian Parents Influence Their Children’s Success — The Baglady http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-466 How Asian Parents Influence Their Children’s Success — The Baglady Tue, 06 Nov 2007 01:35:25 +0000 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-466 [...] it’s Monday. I am taking a couple days off before I start my new job. Today my article about saving for retirement and saving for a house was an editor’s pick on MyTwoDollar’s Carnival of Personal Finance! I’m very [...] [...] it’s Monday. I am taking a couple days off before I start my new job. Today my article about saving for retirement and saving for a house was an editor’s pick on MyTwoDollar’s Carnival of Personal Finance! I’m very [...]

]]> By: admin http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-465 admin Tue, 06 Nov 2007 00:38:35 +0000 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-465 Yup, you're right in saying that I didn't consider rent at all. However, my original point is that if you do save for purely a house and not save for retirement then it will be much harder to save for retirement. Also, I was assuming that other expenses will stay the same and what you save is purely extra cash. So I didn't consider that mortgage eliminates your rent. Yup, you’re right in saying that I didn’t consider rent at all. However, my original point is that if you do save for purely a house and not save for retirement then it will be much harder to save for retirement. Also, I was assuming that other expenses will stay the same and what you save is purely extra cash. So I didn’t consider that mortgage eliminates your rent.

]]> By: victor http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-464 victor Tue, 06 Nov 2007 00:02:13 +0000 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-464 If you have to use some of the money you would have used for a mortgage to pay rent , how can you save all of it? If you have to use some of the money you would have used for a mortgage to pay rent , how can you save all of it?

]]> By: Carnival of Personal Finance » Carnival of Personal Finance #125 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-463 Carnival of Personal Finance » Carnival of Personal Finance #125 Mon, 05 Nov 2007 21:10:56 +0000 http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-463 [...] Reader Question: Should You Save for Retirement or a House? [...] [...] Reader Question: Should You Save for Retirement or a House? [...]

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