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Updated about 3 years ago, 10/12/2021
401k or Real Estate?
I know this may be a weird question to ask on a real estate forum (Im thinking the vast majority of responses will be pro real estate), but I wanted to get some different perspectives from the BP community.
I currently work a full-time job and I am fortunate enough to be able to max out my pre-tax contribution to my 401k each year. As I continue to listen to the podcast and read about people's success in real estate, I have started to ponder if contributing approximately $20k to my 401k each year is a wise investment or should I start using that money for real estate. I also want to add that I do additional savings outside of my 401k however my ability to invest in real estate would significantly grow if I stopped contributing to my 401k.
For reference: I do contribute to my company's 401k so it is not a self-directed 401k, and I have always been told to at least contribute the bare minimum to get the companies match so I am not leaving money on the table.
So BP Community, what are your thoughts?