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Updated over 1 year ago,

User Stats

60
Posts
10
Votes
Eric Samuels
  • Investor
  • Philadelphia, PA
10
Votes |
60
Posts

Max out Roth IRA or reinvest into real estate property?

Eric Samuels
  • Investor
  • Philadelphia, PA
Posted

So the first year house hacking my duplex is almost up and to account for the amount of work needed on the property I decided to pause my contributions to my roth IRA and TOD accounts I have with a financial advisor. I think total I was contributing around $600 a month. Right now my property is vacant besides me and am in need of a tenant but I'm working on that. I reeeally want to get back to the point where I'm maxing out my investment vehicles I have with my advisor but also really want to continue contributing to improving this duplex because it's old and still needs a fair amount of work. One year off from contributing to my roth is definitely affecting my compound interest but budget wise once I get a tenant my savings rate will go back up to around $1600. Would it be best to contribute to my roth or should I continue putting money back into my duplex?

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