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Andrew S.
  • Rental Property Investor
  • Helena, MT
114
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280
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max out 401k or next deal?

Andrew S.
  • Rental Property Investor
  • Helena, MT
Posted Sep 18 2019, 20:06
I'm trying to allocate $10k of savings for the end of the year. My current options are to max out my annual 401k or begin my next deal savings? I've recently purchased a property and used most of my available funds to do so. My savings rate is 85-90% with house hacking and other rentals cash flow so I'm able to save up fairly quickly. Some of the lessons from Set For Life (about net worth that's not accessible for decades) have me questioning whether to max out my 401k & save for rentals or contribute up to my 401k match and then save an extra $10k for rentals per year? I also fund a Roth and plan to continue that. I'd like the ability to retire from my day job in 2-10 years. Starting to expand my mindset about what is possible. That good ole Midwest lifestyle of work at Corporation XYZ until you're 65 is slowly getting out of my brain.

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