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Updated over 8 years ago,

User Stats

38
Posts
8
Votes
Michael Swope
  • San Francisco, CA
8
Votes |
38
Posts

401K and IRA or save all for real estate investing?

Michael Swope
  • San Francisco, CA
Posted

I was wondering if i could get everyone's thoughts on not investing into my 401k and Roth IRA anymore. I currently utilize my companies matching of 6% and put 250 a month into my Roth IRA. Been really hands off of my 401k and just took a look at how much i put in monthly It averages to $750 a month. I dont plan to stay with the company for more than 2 years and dont mind taking risks since im relatively young (27). Any thoughts and comments are welcomed! Currently thinking of using my savings (8K), Roth IRA(12K) and pulling a loan against my 401k (45K total, this would be my last option if i needed more money to acquire properties, since i dont plan to say with the company for that much longer) to purchase my first investment property for buy and hold purposes. 

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