75, retired. buying new home. thinking I will save money, on closing costs as well as monthly mortgage payments, if I pay cash.
I will use large amount of cash I have in brokerage account, but it is 200,000 less than the home price.
I have 1 tIRA, 1 Roth, 1 457b, all with some cash.
for the remaining amount, can I take a loan from one, put it back in 60 days ???
if current home doesn't sell by then, I can then do the same with other two retirement accounts ???
I will use large amount of cash I have in brokerage account, but it is 200,000 less than the home price.
I have 1 tIRA, 1 Roth, 1 457b, all with some cash.
for the remaining amount, can I take a loan from one, put it back in 60 days ???
if current home doesn't sell by then, I can then do the same with other two retirement accounts ???
Statistics: Posted by dashrink — Sun Aug 04, 2024 6:54 pm — Replies 2 — Views 280