首页
登录
职称英语
The housing market is expected to be busier than usual this winter as some h
The housing market is expected to be busier than usual this winter as some h
游客
2023-08-04
64
管理
问题
The housing market is expected to be busier than usual this winter as some home buyers rush to act before the Federal Reserve raises interest rates—which some analysts say could happen as early as December.
Some consumers who haven’t yet been able to save the money for a down payment may be tempted to raid their retirement accounts for the cash. Indeed, first-time home buyers have several options for
tapping their nest eggs
before retirement without having to pay the 10 percent penalty charged for early withdrawals.
For people with decent retirement savings, borrowing or withdrawing from a retirement account can be a way to diversify investments by buying an asset that can add to their total net worth. But people considering the move should take into account all of the costs they might face, including interest, lost investment growth and potential penalties if plans fall apart.
In most cases, the home in question doesn’t actually have to be a person’s first home. Generally, the IRS requires that a person using retirement funds to buy a home must not have owned a home in the past two years. The house must be the person’s main home.
The specific requirements for dipping into savings vary depending on the type of retirement account. Savers using 401 (k) plans can take loans of up to 50 percent of their vested account balance, with a maximum of $50000, to help pay for a main home. Savers can also withdraw up to $10000 from a traditional IRA or a Roth IRA penalty-free to buy a first home for themselves, their spouse or their children.
For most savers using retirement funds to buy a home, one of the biggest downsides is that the move cuts down on the amount of time their savings are invested in stocks and other markets. While borrowers are using the money to make an investment, the growth potential for the property may not be as large as the potential growth the cash might have seen had it stayed invested, says Meghan Murphy, a director with Fidelity Investments.
People who borrow from their retirement accounts one time may also be tempted to borrow again, Murphy says, creating a dangerous habit of serial borrowing. Plus, people who have taken loans from their 401 (k) s are also more likely to take hardship withdrawals, which are allowed to help pay for emergencies and which are subject to taxes and a 10 percent penalty.
At the end of the day, what’s best will depend on a person’s situation. Taking away $10000 from a retirement account won’t necessarily make or break a person’s retirement. But savers should understand the full consequences of the move before they decide. [br] Which of the following is true of the 401 (k) plans?
选项
A、Half of its account may be borrowed for house-purchase.
B、Savers can withdraw altogether sixty thousand dollars.
C、Borrowing from this plan may result in some penalties.
D、They can help to pay for a first house for savers’ children.
答案
A
解析
由题干中的401 (k) plans定位至第五段第二句。细节辨认题。该段第二句提到,该养老金计划的参与者最高可以借贷其所属账户资金的50%,最高不超过5万美元,用于购买存款者的主要住房,故答案为A。
转载请注明原文地址:https://tihaiku.com/zcyy/2896267.html
相关试题推荐
A、Theyaretoolatetooccupysomeoftheimportantmarkets.B、Thesellershave
A、becommercializedB、stressdemocratizationC、turntoon-linemarketingD、bepr
[originaltext]RobertKentmanagesasuccessfulsupermarketinthedowntown
[originaltext]Winterisapainintheanimalkingdom.Birdscanfleeitby
[originaltext]Winterisapainintheanimalkingdom.Birdscanfleeitby
[originaltext]Thewintergift-givingseasonisresponsiblefortwentyperce
[originaltext]Thewintergift-givingseasonisresponsiblefortwentyperce
Thehousingmarketisexpectedtobebusierthanusualthiswinterassomeh
Thehousingmarketisexpectedtobebusierthanusualthiswinterassomeh
Whenthejobmarketworsens,manystudentsfiguretheycan’tindulgeinanE
随机试题
Itwastheworsttragedyin【C1】________history,sixtimesmoredeadlythan
[originaltext]W:It’stoobadIcouldn’tgettotherallyagainstfeeshikesla
DHCP客户端通过()方式发送DHCPDiscovry消息。A.单播 B.广播
在签署远期合约之前,双方可以就( )和合约标的资产的质量等细节进行谈判,以便尽
血液培养送检应用的抗凝剂为A、SPSB、EDTAC、枸橼酸钠D、肝素E、
下列各句中,加点的成语使用不恰当的一项是()。A. B. C. D.
下列关于江恩理论的说法,正确的是()。A.构造圆形图预测价格的具体点位 B.
藿香正气水的药物组成不包括A.广藿香油、大腹皮 B.陈皮、厚朴(姜制) C.
临床常用的酸蚀剂是A.10%~30%枸橡酸 B.10%~15%磷酸 C.
建设工程风险按照风险()进行分类,可以将风险分为自然风险、社会风险、经济风
最新回复
(
0
)