US. 1 in 3 millennials tapped retirement funds for a down payment, study says
Millennials want their dream home. Fifty-six percent of the millennials polled in a new survey from the Bank of the West said owning a home was more of a priority than paying off debt or retiring comfortably. The survey, which included more than 1,000 people, also found that nearly one in three millennial homeowners borrowed money from their retirement funds for a down payment. Is this a smart financial strategy? Justin Moundas, a real estate agent with Douglas Elliman in Manhassat,...