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Home prices are on the rise nationally. Record low inventory coupled with high demand is pushing prices up.
You know you need to be saving for retirement, but where do you begin? There are some mistakes you can’t afford to make when planning for your retirement, and one of the biggest is missing out on using a Roth IRA. A Roth IRA is a specific type of individual retirement account that gets taxed now but grows tax-free for you to use in retirement.
It’s what most lenders want to see as a down payment from a potential home buyer. For the banks and other lenders, it’s a sign that the buyer has the financial wherewithal to own a home. In August, the median home price jumped 5.6% from a year earlier, to $253,500.