31 votes
Accepted

Can you self-direct a 401k to buy you a house?

No - you cannot directly or indirectly benefit from the assets in an IRA, which is most pertinent for a self-directed IRA where you can own real assets like rental property. Neither can your spouse, ...
D Stanley's user avatar
  • 135k
18 votes

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

I am not checking your math. I as assuming that you feel confident that if you start with 50K, add 5K a month, that in 10-15 years you can have $1,000,000 after taxes. All this is to be able to put $1,...
mhoran_psprep's user avatar
17 votes

Can you self-direct a 401k to buy you a house?

This is called "self-dealing" and is not allowed. See the list of prohibited transactions here.
littleadv's user avatar
  • 174k
8 votes
Accepted

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

Maybe Buy Sooner Starting with 50k, and adding 5k a month, you get to 200k in 30 months (2.5 years). Using this calculator, I assumed 7% interest rate, 1M home value, and 200k down. The $5,300 monthly ...
codeMonkey's user avatar
  • 1,639
8 votes

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

You are essentially short a house (that is, your financial picture is negatively correlated with housing prices). Therefore, your portfolio should aim for a greater positive correlation with housing ...
Acccumulation's user avatar
2 votes

Do I have to pay the stamp duty additional charge when purchasing a house abroad?

It depends on which property is your main residence and whether there are other people who will live in the property with you. There are plenty of good guides and SDLT calculators online that take you ...
Vicky's user avatar
  • 24k
2 votes

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

Better to buy a house Investor purchases (businesses buying residential houses) have been rising steadily. More demand will push up prices. S&P500 rises 10% per year average, but that's 10% of ...
Mirror318's user avatar
  • 719
1 vote

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

Endowment manager here. Your timeline is a little short for my comfort. If you want a timeframe of "effective certainty" like we require in endowment planning, you need to be out 30 years ...
Harper - Reinstate Monica's user avatar
1 vote

Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?

How steady is this income? Do you have an emergency fund currently? It should be 3 months of expenses minimum, up to 6 depending on volatility of your income or number of people who depend on your ...
Jacob Nordstrom's user avatar

Only top scored, non community-wiki answers of a minimum length are eligible