Your Money Minute By Financial Finesse

Episode 5: Long-term Savings Debate: Buy a Home or Save for Retirement (July 1, 2008)

Informações:

Synopsis

In this month's show: The great debate. Greg's reasons for choosing to start saving in his 401(k): * Start early and take advantage of compounded interest. * Easy to save using payroll deduction. * Your employer may match your contributions. * It is portable - take it with you to your next job! Nancy's reasons for choosing to buy a home: * If you are going to stay put for a long time, say 5 - 10 years, you build equity. * You fix your future housing costs. *Instead of paying rent, your mortgage payment builds your financial future! For links to resources visit: http://www.getfinancialfinesse.org/2010/04/ymm5-long-term-savings-debate-buy-a-home-or-save-for-retirement-july-1-2008/