Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on .

User Stats

10
Posts
7
Votes
Eric Lefebvre
  • Pittsfield, MA
7
Votes |
10
Posts

Raise work retirement percentage for real estate

Eric Lefebvre
  • Pittsfield, MA
Posted

A light bulb just went off in my head. I put 10% of my check to my retirement fund. Once I found out u can move the retirement fund tax free to invest in real estate... that was my plan. I'm trying to save for more down payments on rentals. Im about to take my percentage to 30% of my check to my retirement fund from work to shift into investing in real estate. UNCLE SAM takes a ton out of my check anyways to why isnt this talked about more? Save so much but putting it in your retirement tax free then shift over to real estate purchase with no taxes taken out. I am relatively new to investing but can anyone see any drawbacks to this? It seems like a no brainers. Only thing I can think of is the bank will see ur take home income lower so they wont give u a higher loan. Thx for your help in advance!