I actually did exactly that when I bought my house nearly 10 years ago. Thank god I did obviously.
then I got laid off in the very early days of covid, and you can’t easily draw from retirement during financial hardships without paying a big penalty which negates any benefit you received in the first place, because how can you pay off the 401k loan without a job? Feels like the whole concept of a IRA is to trap you
whole thing’s a scam, my wife puts all her money into retirement and not a single dollar in an accessible brokerage account, so what happens in a rainy day?
LonelyI have other savings but I'm definitely going to try and pull some of the retirement out early when buying the first house. One of the few ways you can be excempt from some of the penalties for doing so.
It's also cool to think about how I'm paying into social security that there is a 99.9% chance I will never see a dime of.