I ruined my family’s finances by withdrawing from my 401(k) to buy a house — and I regret it
I recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I am 36 years old, married and have a 1-year-old. Half of me is regretting it, and I’m worried about next year’s taxes due to the withdrawal and […]
My husband and I rent our second home to our son and his wife. Now we want him to own this house, but keep our 2.5% mortgage rate. How can we do that?
My husband and I bought a second home two years ago, for $160,000, with a 30-year mortgage at 2.5%. We bought it with the sole purpose of renting it out to our son and his new wife. They were recent college graduates, and just starting their careers. They’ve made this house their home. And it’s […]