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Use Roth IRA funds for the down payment on a home?

October 15, 2009

Home ownership is a great investment opportunity, and depending upon location, this is a great market to buy a home at the price it was 2-4 years ago. However, if an individual does not have enough cash on hand for the down payment, is it a good idea to use funds from his or her Roth IRA?

 

Holistic financial advisors are in a great position to advise clients with this question, since they know their clients well and can assess their:

Age

Ability to save

Employment stability and employability

Debt and attitudes toward debt

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  • Make some cash and make a difference

    February 01, 2012

    It's so easy to become overwhelmed by the bombardment of bad news we see every day, and feel as if the little we can do can't possibly make a difference. Socially responsible investing, or SRI for short, is all about making money while making a difference.

    Erin Baehr

Do you offer tax prep services to your financial planning clients?

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