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At the same time I’ve been offered a position in south Dakota which will enable us to buy a house with 75% down or even a decent house cash. The position would pay about the same I make now with a 70% match on the 401K. It involves travel with some unpaid overtime. We like the Midwest and cold weather so the location isn’t an issue.

For me personally, choosing this option would be a no-brainer.

A 70% 401K match is great! If I were you I would contribute at least the minimum needed to take advantage of that match in its entirety.

This option also affords you the opportunity to build equity in a home, another advantage during retirement (not paying rent or mortgage).

I don't know why you want to put down so much cash on the house though, since a mortgage will give you some tax benefits, and with interest rates still low, you could probably earn more from your investments than you're paying in interest on your mortgage. Think very carefully before you do that, and really take a sharp pencil to the after-tax numbers.

Have you any idea what commuting 3 hours a day by car can do to your energy level and psyche? If I had to do that for five years, I'd be a zombie!

That's my take,

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