Question

Stewart wants to save for retirement and also pay off his mortgage. Each year, he has an extra $5,000. Should he put that extra money into his house instead of contributing to an IRA?


Select the best answer from the choices provided.
Yes, the tax benefits of homeownership are similar to IRA tax breaks.
Yes, owning a home can be useful in retirement for reverse mortgages.
No, a retirement plan should have more diversity than just real estate.
No, homes are poor investments that will eventually lose value over time.

Answer 1

@JoannaBlackwelder

Answer 2

@sylbot

Answer 3

D is not true. Real estate is typically a good investment is my understanding.

Answer 4

B makes sense

Answer 5

I also don't know of any tax benefits of home ownership.

Answer 6

I was thinking c

Answer 7

i had c in the first place lol

Answer 8

:)