How do folks effectively save for a house down payment and max retirement?

like
Posting as :
works at
You are currently posting as works at

A lot people don’t put down 20%. They put down 5%+ to lock down ownership. Then the home appreciates as time passes by and principal is paid down, then PMI drops off, or they refinance.

like

Set your target house price, down payment, and time horizon. Plan your savings accordingly. And adjust your retirement savings to accommodate the down payment savings.

No magic answer or rule. Just some math. 😊

Related Posts

Should I put $20K towards my student loan balance of $230K before the no-interest period ends or max out my 401k, which I have contributed nothing to this year. I’m 25. Employee matches 4%.

like

I’m living off $47k post-deductions (401k, etc, but not taxes) in a T2 city. What are some good money saving tips and tricks for relatively low income consultants in their early 20s?

like

Recently received notice from landlord rent is going up ~20%. For reference, it is privately owned condo and did not sign at a COVID discounted rate. Super frustrated. What are others seeing for rent increases?

like

Has anyone bought a 5 plex or 6 plex. Please share your experiences, cash on cash, challenges you ran into. Also, do you use management company or do you manage it yourself

like

What is a good credit card to get for travel?

How much should i save from my salry for securing post retirement life and all general commitments before that. I'm 30 now. Assume no Inheritance. Current in hand 1.85 lpm

like

Does Amex welcome bonus jail apply to all cards like platinum? Also any way to get out of it(or at least know you are denied bonus before you get a 5/24 chase hit on you)

like

Does anyone know how to roll options in Fidelity’s app? Recently moved from TDA to fidelity

like

Need suggestion:
I have offer from Morgan Stanley Budapest. They offered me 1.1 Million HUF Per month. I need advise weather this opportunity is good and how much can I save there. Also want to know whether it is advisable to move to Budapest.

Current CTC is 20LPA in India

Thanks!

Can the $7k HSA limit be for myself + kids, or does it have to be myself + SO + kids?

like

How serious are the independence/investment declarations while joining Big4’s in the U.K.
My parents have a couple of minor investments in the stock market. Do I have to include my parents investments even if they are citizens of another country and invest only within that country?

like

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

Relocating from the west coast in late spring. We have three kids under 6. School system is important to us. Thinking relocating to the Lake Norman area or Fort Mills. Pros and Cons. Looking to purchase a house and sq at least 3250-3500 min. Any advise for the area.

If you were to buy only one, ARKW or ARKK and why?

likefunny

Anyone finding good rates for refis on investment? Got a good rate, 3.335, but the brokers is trying to charge 2% in fees. Kind of kills the deal. The loan amount is only 115k. I’d rather go up to like 3.65 or whatever and not have to pay so much in closing. Any ideas?

like

Does anyone here have experience investing with Masterworks (platform for investing in fine art)?

like

Cons of moving 75% of my savings to an Intermediate US Treasury ETF (SCHR)? I wouldn’t mind losing 4-5% if the market rallies, but would rather put cash to work if the market keeps tanking

like

Will mods hurt the resale value of a car? I'm considering selling my daily and am debating on whether or not I should put the effort in to return it to stock.

like

What’s the smartest allocation (for a late twenties person) of 100K right now, between ETFs, stocks, crypto and bonds? I am mostly in cash right now and feel I’m missing out on investment ops, but also wary of putting money in the wrong place. Any advice would be greatly appreciated!

like

More Posts

What’s the draw of product marketing? I see a lot of my MBA classmates going into these roles but don’t really get the appeal

like

I finally got through to the Hiring committee round at Google. Should I be excited or nervous or not read into at all?

likeuplifting

my stress level peaks when there is so much work to do and the filing day is only 2 weeks away 🙃

like

MBB folks, I’m a Product Manager (non-tech company) and interested in working at MBB.

Which level/role does MBB can offer me ?

like

Got an offer from Netwest . Grade B7.2 , Fixed CTC offered 20 lacs , , department product control . Could you please let me know what that B7.2 means & how much time it will take to reach to AVP level .

like

Best way to get a consulting job in the U.S?

like
like

If anyone’s on the fence about adopting senior cats, it took 9-year-old Fatty 3 days to set up camp in our hearts ❤️🥰

Post Photo
likeupliftingfunny

Any realtors in this bowl open to chatting?

like

If my staff lied about his work experience and has slipped up sometimes about it, do I call him out? Then what do I do about it afterwards?

Hello folks,

How's Tata Elxsi for MBA(B.tech) graduates? I recently got an offer from Tata Elxsi as Project Associate through campus placement. How is the work env, and growth opportunities.! Should I consider the offer, or start looking for other companies.. Please give suggestions..!

Post Photo
like

What were your bonuses this year?

Hi everyone. I'm pretty early in my career (just over 1 YOE) & not really enjoying my current role as a Consultant/Developer because of the type of projects I get combined with some mobility issues. However, I'm really interested in technical program management or project management and I'm looking for any advice on how to get there bc I've been applying, but can't even seem to get a call back.

(Also would really appreciate some likes on this post to get my 11 likes out of the way 😀)

like

Open question to all GenX people who are having less than 3yoe and shifting constantly company,
1. why your not able to survive in a company less than a year and looking for higher packages which is not relevant to your experience.
2.just having latest tech stack is enough and not enough capable experience to handle the critical issues.
I would like to understand this things

like

Hi everyone, I have a question. I am currently in the middle on of an interview process, where I am quite confident that I will get the job... but I want to work for another company that has contacted me 1 week ago to interview but hasn't scheduled the interview yet....

Meaning that their interview process is probably going to take longer... how should I reach out to the company and properly let them know my situation?

like

Hi I am joining maersk Bangalore next week. What benefits do they offer? Is there a transport facility? Will they provide food? What are the office timings? Will they provide a monitor? Is there reimbursement for internet bills?

like

Hi All, I am looking for a job in Data Analyst. Cany anyone give the reference for the job?

like

Deloitte GPS consultant range? I’d heard they are slightly higher than the rest of the big 4 in the public sector space

like

Hello Fishes,
What will be the in hand salary per month as per below break-up + tax.

Post Photo
likehelpful

Hi Fishes,

I got interviewed at infosys two days back.
When can I expect to hear back from them.
Also all the questions that were asked to me were written coding questions(Write block of code) none were verbal.I could write all answers but none was 100% correct.

At last I asked the interviewer about feedback as in where was I wrong. He said at couple of places and he explained me where was I wrong.

Do you all think I will be rejected?

like

Additional Posts in Personal Investment Chatter

Is there any website to get a template for decent/basic contracts (i.e. leases, purchase agreements, partnership agreements)? I want a base to start, without having to sign up for a free trial and then get hit with a bill when I forget to cancel...

like

Advice appreciated: I want to sublease my apartment so that I can rent elsewhere and pay less. I had to move in a short amount of time and it was during the period where there was a high demand for housing, & leases everywhere were expensive so I signed what I thought was fairly cheap in comparison to what was out there. However I found something this month that will cut costs by 30%. How do I go about finding someone to sublease my place?

like

Anyone have started preparing for Series 7 exams? What is the best study material to start with?

like

Recommendations for a Roth IRA?

like

Is there a calculator that I can put in all my investments and see how it works out in 50 years? I know each brokerage has their own projection thing, but just wondering if there are any other tools where i could combine everything?

Folks, investing newbie here. Planning on using the Bogleheads recommended 3 fund portfolio. Opened a tIRA with Fidelity and have been reading about their 4 fund portfolio which is in line with Bogleheads.
Question: I'm looking for a step by step video on how to go about selecting investment options. As a newbie, I know what I want to invest in, but I'm not sure how to do it. Any tutorial videos that walk you through the process? E.g.- click here to select, click there to confirm.

likehelpful

Long term recommendations for ETFs buying in now? QQQ and VTI? Recommend any of the blue chips?

like

Other than Fidelity, what's the best brokerage account out there? Looking for something visual that allows fractional shares and portfolio insights.

like

Are we headed for the long overdue crash/correction - red everywhere 👀

likefunny

Are there resources available for H1b holders thinking to invest? Less than 1year into career and have 10k sitting not sure what to do with it... I’m still unsure if I’ll be in the states long term..

like

I’m living off $47k post-deductions (401k, etc, but not taxes) in a T2 city. What are some good money saving tips and tricks for relatively low income consultants in their early 20s?

like

If I have access to both to buy through Fidelity, any reason to choose IVV vs VOO? Why do you pick one over the other?

like

Can the $7k HSA limit be for myself + kids, or does it have to be myself + SO + kids?

like

If you were to buy only one, ARKW or ARKK and why?

likefunny

Robinhood vs Webull?

like

Does anyone here have experience investing with Masterworks (platform for investing in fine art)?

like

Anyone using roofstock? Model seems really interesting. Would love to talk to someone using it.

like

What’s the smartest allocation (for a late twenties person) of 100K right now, between ETFs, stocks, crypto and bonds? I am mostly in cash right now and feel I’m missing out on investment ops, but also wary of putting money in the wrong place. Any advice would be greatly appreciated!

like

Leaving firm and thinking about what to do with my 401k. Any reason not to roll it over to my own IRA vs leaving as is or moving to new company 401k?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal