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Updated over 2 years ago,
I own Rental properties; continue to max out IRA/401K?
Hello, I'm 47 and I'm almost 2 years into my REI journey - which was initially funded thru savings. My goal is to use REI for passive income for retirement. I currently own 5 properties; all but one are cashflowing (the other is vacant and going thru a rehab/remodel - which I'll need to dip more into savings to cover). I also max out my ROTH IRA contributions, as well as what I have for a version of 401K for my wife and I.
What tools / resources would you recommend to help me in the decision to continue to invest as I have - letting the REI support itself and max out IRA/401K, or stop those IRA/401K contributions and use them for 1 of 2 things (or both): 1. Pay down mortgages faster 2. Build cash reserves faster for continued REI investing.
Thank you!