Re: question about investing IRA or saving towards Downpayment for hou
Or you could buy the house in Jan. Then take out a HELOC for $8000, and pay that off while you live in the house if you are worried about missing the '06 contribution.
The interest paid on the HELOC is tax deductible, so instead of 9%, its going to feel like 6% after the deduction.
Max
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