Financial Advise for Medical Professional?

[GreenHorn101]

Hi All,

A cousin of mine is getting married at the end of this year and he is looking for some financial advises.

some general facts:
-He is a pharmacist and has recently paid off his school debt.
-His salary range is around 100K
-He is currently living in upstate New York.
-He wants to buy a house in the near future.
-He has no idea where to invest his money (i suggested IRA and vanguard)
-His company does not do match, but they do have a pension plan. It vest after working in the company for 10 years.

What advise should i give to this soon-to-wed couple?

Aside from this website and Bogleshead, are there any website for sound financial advice? Isn't there a website for medical professional on personal investment/financials...?

[plank]

If he wants to buy a house in the near future, he should just save all his money in a savings account. 

If he has a 401k match at work, he should do that first.

[GreenHorn101]

Shouldn't he also max his IRA contribution? from what i remember, if you withdraw money to buy your first home, there are no penalty?

[plank]

Yes, you can withdraw to buy a home, but the downside is that he could also lose money.  If he is planning on buying in the near future, it should be safe, not in stocks.

I'm sure others will disagree, but that's what I would suggest.