Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

22
Posts
10
Votes
Alex Howard
10
Votes |
22
Posts

Not eligible for 401k match until a year. Still contribute?

Alex Howard
Posted

So I'm an engineer by trade(27 y/o), and I've always been one to chase the money. Over the past 5 years I've only stayed at a job as long as a year and a half. I get anywhere from a 15%-25% raise when I jump jobs, which is much better than the 3% most of Americans get every year obviously. One of the downsides is that I have to usually wait a year before the 401k is matched at most of these companies. Would it be wiser to simply take what I normally contribute to 401 and keep in a regular savings account that I can access without a penalty so that if I find a property I like I can invest without the hassle? I know it won't appreciate as well, but if a property cash flows well enough, and I have enough properties, I believe that will beat out the % I get back from the 401. 

Loading replies...