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 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Personal Finance
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 9 years ago on . Most recent reply

User Stats

127
Posts
12
Votes
Armand P.
  • New to Real Estate
  • San Mateo, CA
12
Votes |
127
Posts

Advice for my retirement plans

Armand P.
  • New to Real Estate
  • San Mateo, CA
Posted

Hello-

I recently started a new job and seeking some advice on structuring my retirement accounts. First, I have a 401K set up at 8%, however, the company is not matching at this time. I've also enrolled in the ESPP at 5%. And lastly, I contribute $200 a month into a Roth Ira. 

Here is what I am thinking: Increase my contribution to the Roth Ira and lower my the contribution to the 401K to 5-6% since company is not matching. Possibly increase the contribute for the ESPP at the next open enrollment period. 

Lastly, are target date investments the most conservative options for someone who does not spend a lot of time researching? 

Thanks,

Armand 

Most Popular Reply

User Stats

1,016
Posts
607
Votes
Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
607
Votes |
1,016
Posts
Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
Replied

I wouldn't put anything into the 401k since they're not matching, and you have no control over a usually crappy selection of mutual funds, plus fees.   You can get tax benefits by investing in rentals, w/o having to wait until you're 59 1/2 to enjoy the benefits. 

Roth IRA's are great, so keep investing in them, and invest as much as you can until you max out.

I can't make a recommendation re: your ESPP program w/o knowing the terms and the outlook for the stock.

Loading replies...