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http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-475
shadoxWed, 07 Nov 2007 02:50:57 +0000http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-475Buying 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.
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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 BagladyTue, 06 Nov 2007 01:35:25 +0000http://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 [...]
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http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-465
adminTue, 06 Nov 2007 00:38:35 +0000http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-465Yup, 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.
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http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/comment-page-1/#comment-464
victorTue, 06 Nov 2007 00:02:13 +0000http://baglady.dreamhosters.com/2007/10/31/reader-question-should-you-save-for-retirement-or-a-house/#comment-464If 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?
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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 #125Mon, 05 Nov 2007 21:10:56 +0000http://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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