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Updated almost 7 years ago,
Investing in 401Ks, IRAs or Real Estate
Hello Everyone,
Sorry in advance is this has already been talked about I haven't seen anything on this yet, but I'm new here. I am 26 and have always been very good at saving for retirement. I put 11% of my salary into my companies 401K plan (Pre Tax with company match) along with trying to max out the 5,500 in a Roth IRA as well. I feel as though this should set me up very well for my retirement years but I have been looking into ways to help me retire early, maybe around the age of 40. I am wondering if anyone else has given this any thought?
Since I wouldn't be able to access this money till the age of 59 1/2 I am wondering if it would be better for me to lower the amounts that I am putting into these accounts to either put some into index funds or invest in more real estate. With the contribution levels that I am doing now I am able to set aside some money for real estate investing (I bought my first single family rental early this year) but I am unsure if I should be focusing more on rental since I will be able to live off of the rental revenue at any age. Just looking for thoughts and scenarios that other people may have ran into or have done.
Thank you!