Danielle’s Reviews > Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required > Status Update

“For Americans, there’s a 10 percent penalty if you withdraw before the age of fifty-nine and a half, but you can get around that by building what’s called a Roth IRA conversion ladder”

extra ownership costs are approximately equal to the interest of a typical mortgage over nine years. the interest is approximately 50 percent of your mortgage payment during that time, multiply your monthly mortgage payment by 150 percent. This is how much your house will actually cost per month, once all expenses are factored in. If that Rule of 150 monthly cost is higher than your rent, then it makes sense to rent.