New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Fully fund a Roth IRA, or save for rentals?
I currently have some capital to my name and am trying to reallocate my funds to start a real estate portfolio. I'm a one income household and am looking build a solid foundation for my family before I take on more risky investments. I received some advice to first focus on fully funding two IRA's, then move to real estate investments afterwards. The problem is, I don't have enough monthly income to do all 3 right now. I might be able to get away with doing 1 or 2. It'll take me forever to grow that kinda capital.
My question to the group is, should I be trying to fund 2 Roth IRA's to take advantage of the compound interest in the future or push everything towards real estate? I'm 35 years old with a pretty decent job.