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Has anybody transferred 401k to RRSP?
What's the play on Bitcoin?
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Pro
I’d assume your income will grow over the next five years and having $100k+ in retirement will be better for you.
This is an interesting point. Betting on myself in this scenario. Appreciate the advice!
I think this question is under-discussed, particularly with ramp up in home prices in so many cities.
For most people the answer should probably be ‘do both’, with how you invest your marginal dollar a function of your own time horizon, how much you need for down payment, etc.
Also you can withdraw your contributions to a Roth IRA penalty free, and up to $10k in earnings. This might make sense for you.
Pro
A1 said penalty free - you don’t pay penalties on withdrawing contributions from a Roth IRA.
Assuming you’re a first time home buyer, can’t you borrow against your 401k to fund a home purchase?
SM1 oh that is good to know. Thank you!