{ "media_type": "text", "post_content": "Financial Planning Question:\nI’m planning on buying a house in the next 5 years. My current investment savings is 2/3’s retirement 1/3 towards a down payment for the house. I have no student loans/overhead so I can put a lot towards saving. From anyones experience should I shift my saving proportion more towards the house for the short term? I’m concerned that too much of my money will be tied up in my 401K", "post_id": "61aa68647fcff8002c194c1d", "reply_count": 2, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Financial Planning Question: I’m planning on buying a house in the next 5 years. My current investment savings is 2/3’s retirement 1/3 towards a down payment for the house. I have no student loans/overhead so I can put a lot towards saving. From anyones experience should I shift my saving proportion more towards the house for the short term? I’m concerned that too much of my money will be tied up in my 401K

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Can’t you take out some cash from 401K as you want? I thought so but not sure. If so, you might want to keep investing it there to get tax benefits for those 5 years.

I can take $10K out of my IRA but cannot touch the 401K without penalty

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