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Updated over 7 years ago,

User Stats

17
Posts
9
Votes
Nam Tran
  • Dallas, TX
9
Votes |
17
Posts

would you drain all your accounts?

Nam Tran
  • Dallas, TX
Posted

Hey everyone, I wanted to draw out everyone's opinion. I have a 401k that is matched by my employer, so I contribute to that. It's a no brainer since it's free money. All of my other savings is 50/50 split between savings and my wealthfront account. The wealthfront account does pretty well at a 12% return. My question is, if this were your, when the time comes to put the down payment on a property, would you drain both savings and the wealthfront account for the down payment? Or would you only allow the savings to be accessed as a source of capital for RE, and the wealthfront account should stay put to continue producing another source of income. 

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