656: The Experts Gave Him Advice – Why I Disagreed With All of Them

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Learn why I gave different advice to someone about stopping his 401k contributions to save for a down payment for a home.

This question was asked:

“I am a single, 27-year-old male. I am beginning to save for a down payment on a home. I currently contribute about 17% to my 401(k). While that is great, it doesn’t leave me very much room to save for a new home. I am looking for perspective about lowering my 401(k) contributions to help save up for a down payment on a home, versus maintaining 401(k) and lengthening my home-buying timeline.”

All of the experts advised him to pay less or stop paying into his 401(k), except me. Here’s why.

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