#disadvantage

Any disadvantage to buying a home with cash?

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Any disadvantage to buying a home with cash? I am currently having a home built on land that I own. I am financing construction costs with a construction loan. My plan has been to take out a mortgage on the new home (once it is complete) and use that mortgage (plus proceeds from the sale of my current home) to pay off the construction loan. However, have had some other investments perform…

Reddit Personal Finance 361 2025-02-23

Any disadvantage to backdoor Roth IRA?

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Any disadvantage to backdoor Roth IRA? I may or may not hit the income limit for Roth IRA contributions next year depending on how raises/bonuses shake out. I won’t know for sure until February. Starting a traditional ira to do the backdoor method seems like the better bet in case I do hit those numbers. Is there any disadvantage or potential problem with doing this if I don’t happe…

Reddit Personal Finance 816 2024-12-16