Skip to main content
No. of Recommendations: 0
Well I'm out of debt, and we want to buy a house soon.

I am 27, have $9500 in a 401k, and no IRA, married and have a 2 year old son. My wife stays home with our son, and I make about 80k a year gross income.

I'll have about 4k in savings by April 15th. But really that's the start of the 8k emergency fund I am trying to build in case of job loss mostly (I am a computer programmer).

I was considering taking some money and funding a 2002 Roth IRA. But the other problem is we really want to get into a house within a year, while rates are still low, so I hate to take away from money available for a down payment.

Do you wise Fools see an option that is obviously the best choice for me? Things get a lot more complicated when you get out of Credit card debt, haha.


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.