The median U.S. home price hit $426K in September, up 63% from a decade ago. Mortgage rates are at 6.9% despite Federal Reserve cuts. A single habit can double Americans’ retirement savings, making retirement a reality. Withdrawing from a 401(k) before age 59.5 incurs a 10% penalty and income tax.

Owning a home is part of the American Dream, but the average U.S. home price is $500K as of September. Mortgage rates haven’t decreased despite Federal Reserve cuts, now at 6.9%. Withdrawing from a 401(k) to buy a house may sound smart due to rising prices and rates.

Reuben considered withdrawing from his wife’s 401(k) to buy a house outright, but this move would incur a 10% penalty and income tax. Ramsey advised against it, suggesting other ways to raise funds. Reuben was also advised to sell a car to pay off debt and apply the proceeds to a down payment.

Most Americans underestimate what they need to retire. A single habit can double retirement savings without increasing income or cutting back. Data shows those with this habit have more than double the savings of those who don’t. Adopting this habit is simple and powerful.

Read more at Yahoo Finance: Should You Pull Money From Your 401(k) to Pay Off Your Mortgage? Dave Ramsey Weighs In With His Take