u/Arthr2ShdsJcksn

My wife would have preferred we just save money over the past several years but Ive made a push to out it into separate Roth IRAs for us. Now, we are about 8 months from buying a house and those dollars would provide about 1/2 of the down payment. I understand that Roth dollars are worth more long term and invested, but we've still gained and my wife argued that this should have been down payment money to begin with. Also by using it, it frees us up to still max it out going forward. We're both in our upper 40s. The timing won't change, otherwise I'd like to save for 1-2 years more. Has anyone else gone down this path and can tell me if it's a huge mistake or a temporary bump?

I'm taking out 30K for a downpayment on a turnkey build. I understand the risk/problems with 401k loans, but this is more of a question on the rules. It says you can take it out for 180 months if its for a home purchase or build(as opposed to 60 months regularly). My question is, I need this money months before closing because I need to put down 5% with the builder (an amount that will become part of the down payment) when we close. I should have a contract with the builder, but not bank papers yet. Is that enough to prove that I'm using this for a house so that I can use the longer payback timeframe?