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Updated over 3 years ago,

User Stats

433
Posts
742
Votes
Tucker Cummings
  • Investor
  • Raleigh, NC
742
Votes |
433
Posts

Should I Stop My 401k Contributions?

Tucker Cummings
  • Investor
  • Raleigh, NC
Posted

I'm changing jobs so figured this might be a good time ask this. My previous and next employer do a 401k with a 6% match. I guess 401k's the only benefit of a 401k is it's tax benefit and I'm making an instant 100% ROI with the match... but the issue I have is that my money is tied up for the next 40ish years (I'm 28).

I'd really like to be able to have that money more accessible to put into real estate and other assets. The way I see it, we're acquiring real estate which has great tax benefits from depreciation, 1031 exchange and maybe other benefits I'm not aware of. The other positive is cash flow, appreciation, leverage and debt paydown. 

Outside of my real estate, I still have an IRA and a regular stock brokerage so I have some exposure to the stock market. Should I stop contributing the 401k? Hoping to drum up a good conversation here.

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