I’ve been noticing that in the last several years, more parents and retirees are inquiring about, and making the decision to, assist their children in purchasing their first home. Perhaps you are contemplating this decision right now, and this trend resonates with you. It isn’t a decision that should be taken lightly, and it will require some research into how it will affect the health of your retirement portfolio or further, how it will affect the length of time you will need to continue working if the funds are withdrawn.
If there are questions you may have about the benefits and risks of such a decision, I am happy to discuss options with you.