I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.
I only contribute 5% to receive the full company match, and that's the extent of my participation.the 401K plan is structured to keep you working until retirement age, and fortunately, the government can't tap into it... yet!"
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
@Clementdan Did you completely liquidate your 401K and IRA accounts, withdrawing all the funds? If so, could you share the reasoning behind that decision? I'm curious to understand your thought process.
I gained insights into govt. actions from Monica Mary Strigle a certified wealth manager. Sh enlightened me on the benefits of long-term Treasuries nd alternative invstmnts, which the govt. doesn't publicly disclose. Recently, they've been investing in promising startups, bonds, digital currencies backed by tangible assets, nd precious metals, while manipulating stck mrkt decisions influenced by Congress and driven by recurring events nd consumer sentiment ovr the past five years.
You can contact agents directly to get details of the listings they have directly; there are a few websites you can check out too (I think my episode with Rob Flux he talks about these websites or he may have mentioned to me off air). My only thought here is - do you have the capacity to do this research work? If you do, then do you have the capability to spot investment grade and the competence to know which properties to shortlist and the confidence to negotiate? My 4 C's of property buying: Capacity - Capability - Competence and Confidence. Good luck!!
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I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.
I only contribute 5% to receive the full company match, and that's the extent of my participation.the 401K plan is structured to keep you working until retirement age, and fortunately, the government can't tap into it... yet!"
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
@Clementdan Did you completely liquidate your 401K and IRA accounts, withdrawing all the funds? If so, could you share the reasoning behind that decision? I'm curious to understand your thought process.
I gained insights into govt. actions from Monica Mary Strigle a certified wealth manager. Sh enlightened me on the benefits of long-term Treasuries nd alternative invstmnts, which the govt. doesn't publicly disclose. Recently, they've been investing in promising startups, bonds, digital currencies backed by tangible assets, nd precious metals, while manipulating stck mrkt decisions influenced by Congress and driven by recurring events nd consumer sentiment ovr the past five years.
I agree the mrkt is manipulated that’s why I never contribute above 5% I try to enjoy the ride while I invest.
Richard is a great guy! Has helped me a lot
A great guy with a great story!
How can I find off market deals by myself?
You can contact agents directly to get details of the listings they have directly; there are a few websites you can check out too (I think my episode with Rob Flux he talks about these websites or he may have mentioned to me off air).
My only thought here is - do you have the capacity to do this research work? If you do, then do you have the capability to spot investment grade and the competence to know which properties to shortlist and the confidence to negotiate? My 4 C's of property buying: Capacity - Capability - Competence and Confidence. Good luck!!