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re: Max 401k, Max IRA, then what..?
Posted on 7/26/17 at 12:38 pm to Fat Bastard
Posted on 7/26/17 at 12:38 pm to Fat Bastard
quote:
the thing about flips is IF you can get a LOC big enough to do these cash buys after home price, rehab, then sale.....you are using all the banks money and never a dime out your own pocket
word
quote:
it is genius
yep
1
Posted on 7/26/17 at 4:31 pm to lynxcat
quote:
Max HSA is after 401k up to company match. 401k to company match HSA max Max ROTH IRA if not phased out Max remainder of 401k 529 if you have kids Savings account / personal investing thereafter
If you do all this, there's not much left to live off of and have a decent quality of life.
Posted on 7/26/17 at 5:04 pm to Junky
quote:
I'm sure there are far more of us that don't do nearly this.
i used to be real bad about results. so much i did not enjoy the process. Like another poster said you put all that money away you may have to live like a hobo! life is waaaaaaay too short. find a happy medium that works for u! I find continually trying to lower expenses sure makes it a lot easier to retire sooner with less than you thought you may need.
then by the time you get that money in retirement accounts who knows what could happen. i am not worried about these numbers anymore. like jagwarrior and myself we just want enough passive income to meet or exceed expenses. then you are technically retired. I am getting very close.
Posted on 7/26/17 at 5:06 pm to stevengtiger
quote:
quote:
the thing about flips is IF you can get a LOC big enough to do these cash buys after home price, rehab, then sale.....you are using all the banks money and never a dime out your own pocket
word
quote:
it is genius
yep
Posted on 7/27/17 at 1:27 pm to LSUTOM07
I max 401k, both IRAs, and put money toward the 529 plans. After that, i have anumber of charities i give to, then I put the rest in an individual brokerage toward a mix of ETFs - stocks/bonds, domestic and international.
I'm not sure what else to do. I really am not interested in real estate (I know that is anathema on this board).
I'm not sure what else to do. I really am not interested in real estate (I know that is anathema on this board).
Posted on 7/27/17 at 1:51 pm to Spirit of Dunson
quote:
I really am not interested in real estate (I know that is anathema on this board).
Posted on 7/27/17 at 1:56 pm to Fat Bastard
I feel like RE investing is a religion on this board... I've been shunned. 
Posted on 7/27/17 at 4:16 pm to Hammond Tiger Fan
It isn't intended for everyone to do everything on the list. It is the order of priority. If you can't get to the next step on the list then there isn't a problem necessarily.
Posted on 7/27/17 at 4:22 pm to Spirit of Dunson
The people who like RE love to talk about it. This board has an over representation of folks that enjoy flipping houses or renting out apartments. There isn't anything wrong with hat investment approach but they can be aggressive in defending it.
My biggest concern with RE investing by buying and renting local properties is that it over exposes my current portfolio and my future earnings to a local market.
My job, my current home, and my RE are all in a single local market which exposes me to risk that I should otherwise be able to diversify away. For me, my job and my current home is enough localized risk to take on and I would prefer REITS if I want greater RE exposure.
My biggest concern with RE investing by buying and renting local properties is that it over exposes my current portfolio and my future earnings to a local market.
My job, my current home, and my RE are all in a single local market which exposes me to risk that I should otherwise be able to diversify away. For me, my job and my current home is enough localized risk to take on and I would prefer REITS if I want greater RE exposure.
Posted on 7/27/17 at 4:24 pm to notsince98
quote:
max out HSA.
this, unless you have kids. if you have kids then 529
Posted on 7/27/17 at 4:34 pm to LSUTOM07
quote:
then what..?
hookers and blow
2 pages almost.
Posted on 7/27/17 at 4:44 pm to lynxcat
quote:
My job, my current home, and my RE are all in a single local market which exposes me to risk that I should otherwise be able to diversify away. For me, my job and my current home is enough localized risk to take on and I would prefer REITS if I want greater RE exposure.
That would be the case unless you leverage technology to invest outside your local market.
I'm still tepid when it comes to how I want to approach RE either through REIT or holding the asset. I do know it seems I need to diversify a little bit from just holding US/International stock.
Posted on 7/27/17 at 5:33 pm to LSUTOM07
Save as much as possible before kids. After kids you won't be able to. Save as much as possible after they move out. That's how this will go.
Posted on 7/27/17 at 5:54 pm to AUCE05
quote:
Save as much as possible before kids. After kids you won't be able to.
I'm holding off on this for as long as possible! We're both mid 20's, so we should have 4-5 more years before we make that move.
Posted on 7/27/17 at 9:49 pm to Spirit of Dunson
quote:
I feel like RE investing is a religion on this board... I've been shunned.
we love it. it is the best thing i have ever done investment wise. best returns as a whole. it is addictive.
Posted on 7/27/17 at 9:53 pm to Teddy Ruxpin
REITS are great. i have many of those also. Do what works for you
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