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    05.06.15 Professor David Reiss Shares Insight on Real Estate and Finance
    David Reiss

    Professor David Reiss was recently quoted in the May 6 Main Street article “Dipping Into Your 401(k) to Finance the Purchase of a Home is a Tricky Decision.”

    Reiss breaks down some of the drawbacks of withdrawing early from your 401(k), particularly in an instance where you might want to refinance your mortgage around the same time as starting a new job.  

    “If you leave your job, the loan will come due, and you will have to figure out how to repay it – potentially just at the time it would be hardest to do so,” Reiss said. “Given that it might be hard to refinance the property on such short notice, you might find yourself stuck between a rock and a hard place.”

    Reiss was also recently quoted in Chase Credit Card’s “5 Myths About Your Money,” dispelling the “myth” that owning a home is an investment.

    Read Main Street’s Dipping Into Your 401(k) to Finance the Purchase of a Home is a Tricky Decision.”

    Read Chase’s “5 Myths About Your Money.”