We have $8 million in traditional IRAs. Should we tap them to buy a house — and take the tax hit?
“We would rather pay taxes upfront than pay mortgage interest.”
Similar Posts
Average IRA Balance by Age in 2026: How Do You Compare?
The average IRA balance varies widely by age and account type, and the numbers come from the IRS Statistics of Income Division, which publishes data on every IRA account reported on US tax returns each year. The most recent complete dataset, released in June, covers tax year 2023. It comes from matched filings of Form…
U.S. strikes Iran as tanker hit in Hormuz; 10-day ceasefire in focus
A shipyard damaged in a US strike is seen in Iran’s Hormozgan province, where Iranian authorities said the United States carried out attacks on 95 locations across 12 cities over the past 10 days, on July 19, 2026. Anadolu | Anadolu | Getty Images The U.S. completed a fresh round of strikes against Iran on…
Wavvest Recruits Ex-Schwab Advisor to In-House RIA
Wavvest, a Chicago-based startup that has built an AI-native operating system for independent wealth managers, has added Vinnie Maliakkal, a former Charles Schwab vice president, as managing director and founding advisor to its in-house registered investment advisor. Chicago-based Maliakkal spent the last 11 years at Schwab, where he managed $1.4 billion in client assets for…
Best CD Rates for July 2026
No investment or savings vehicle is entirely without risk, but certificates of deposit (CDs) offer more security and predictability than most. With fixed or upwardly adjustable interest rates, terms ranging from as short as one month to as long as 10 years, and FDIC insurance up to $250,000 per account, CDs are useful tools for…
Here Are 5 TikTok ‘Tips’ That Could Wreck Your Retirement
Money Talks News may earn commission or revenue through links in the content below. Our editorial team independently selects all products. Compensation does not influence our recommendations. What if you discovered that the place you’ve been turning to for financial advice was only right half the time? Would you use it? If you get your…
How to Dispute Mistakes On Your Credit Report
There are several obvious reasons to give a hoot about your credit score, and very few reasons you should ignore it. After all, you’ll need a good credit score and a solid credit history if you ever plan to purchase a home or take out an auto loan. A bad credit score can even come…
