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Benzinga
Benzinga
Business
Bibhu Pattnaik

Dave Ramsey Suggests Pausing Retirement Savings To Speed Up Home Down Payment, Warns 'Don't Borrow From or Cash Out Your Retirement Accounts To Speed Up Your Down Payment Savings'

Dave Ramsey United States Inflation
Retirement,Plan,Text,Written,On,Paper,Card,With,Piggy,Saving,

Personal finance advisor and investment guru Dave Ramsey has suggested a unique strategy for Americans grappling with the challenge of saving for a home down payment amidst escalating inflation and living costs.

What Happened: Ramsey has proposed that prospective homebuyers could temporarily halt their retirement savings to expedite their down payment savings. This suggestion comes at a time when many young Americans are finding it difficult to juggle rent payments, student loan repayments, retirement plan contributions, and general living expenses.

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