Originally Posted by
BobZ
Yup. Going forward is a different landscape than in the past.
Self direcected is a wide open opportunity now.
Not so for much of the last 30yrs of a delta pilot career.
Some of us were compelled to build a plan outside of self directed because of the extreme disadvantage of past circumstances.
A significant component of my retirement security and net worth is income property.
You hit the nail on the head here! I was all about maxing out the 401k 54k a year til I started doing research on different investment opportunities.
While it is better than spending the money on consumer goods, putting my own money into a 401k and locking it away for 30+ years no access is not as efficient as using it now to purchase cashflowing buy and hold income properties. Leverage with compounding returns is an amazing thing. Combined with the tax advantages cashflowing income properties can produce 30 year 401k results in 10 years or less. Far less if you scale into Commercial Apartments. It's certainly not easy but the results are well worth the effort IMO.
Moving forward personally I'm not adding a single dollar of my own money into the 401k. 16% DC is enough.