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Updated almost 8 years ago on . Most recent reply

User Stats

26
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8
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James Tebelman
  • Investor
  • Oceanside, CA
8
Votes |
26
Posts

Invest less in Retirement funds to save for REI???

James Tebelman
  • Investor
  • Oceanside, CA
Posted

I am 30 years old and I have always put 5% towards my 401(k) (my employer matches 25 cents on the dollar) and both my wife and I max out our Roth IRAs each year ($5,500 each).

One of my big goals is to retire early and I see REI being a part of that solution. These retirement accounts are designed to start using the funds at 59-1/2 years old. I hope to be semi-retired well before that age and will need other sources of income outside of these retirement accounts to make that happen (ergo the pursuit of REI).

My big question is... Should I reduce the amount of money I am putting towards these tax-advantaged retirement accounts so that I can accelerate my savings for my first REI deal?

Most Popular Reply

User Stats

854
Posts
506
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Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
506
Votes |
854
Posts
Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
Replied

There is a discussion called, "Are you Pro or Against 401k?" Maybe reading through that would give you an answer. 

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