401K max out vs 401k contribution upto match vs saving up for rental

[SaradaChinnodu]

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

[Sreeven]

3 minutes ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

401k match chesukuni migathadi invest chesuko vere danilo..e 401k eppudaina biscuit avvochu..

[Spartan]

401 gurtuchesava malli... 

[gudboy]

ee interest rates tho rental ante sahasame ani cheppali

[former]

4 minutes ago, Sreeven said:

401k match chesukuni migathadi invest chesuko vere danilo..e 401k eppudaina biscuit avvochu..

401K biscuit ayithe almost 30% people will lost jobs. All Americans do equity investments in any format. We need wise to make 401K fund selections. 

8 minutes ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

It's all up to your plan options. If your plan has low-cost funds and you plan to retire early then maxing out 401K is not a bad idea.

[Pandubabu]

21 minutes ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

Personal situation , definitely contribute up to company match ..

I personally max out because stock market is one of the passive ways to earn some money . 

Rental investing is for hustlers.it takes only one bad tenant to mess up everything. And I don't want to be involved in talking are of properties and tenants . If you hire property manager , they will eat some profits .

I go all in on stock market . May be sometime in the future , if I have close to 500k in all stocks , I will go for rental investing ..

[SaradaChinnodu]

20 minutes ago, Sreeven said:

401k match chesukuni migathadi invest chesuko vere danilo..e 401k eppudaina biscuit avvochu..

401k ela biscuit avuthundi bro...?

[Pandubabu]

23 minutes ago, Sreeven said:

401k match chesukuni migathadi invest chesuko vere danilo..e 401k eppudaina biscuit avvochu..

How annayya , 

[FrustratedVuncle]

44 minutes ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

Mundu nuvvu oka rental aina konnava? Asalu rental house ante free cash flow anukuntunnaru janalu. Okati set chesi maintain chesi choodu first. 

401k ni cash out chese uddesam unte why are you putting in 401k? 

401k lo pedithe age 67 tarvata teskuntene pettuko.

 

[ap2usa]

I would do 401 k till 100% match , do backdoor/mega roth ira( post tax) research if this right one for you. you can withdraw contributions before 59.5 without penalty.

[phatposts]

Keep the 401k max out as-is for now. 

Get some clarity on rental investment (how much, which area, etc etc.) 

Once you are clear - adjust your 401k till you save for your rental. 

Right after buying the rental - start maxing out 401k again. 

First rental takes time to stabilize and for you to get a hang. Keep switching till you get mental clarity on your goals. 

Good luck.

[SaradaChinnodu]

7 minutes ago, ap2usa said:

I would do 401 k till 100% match , do backdoor/mega roth ira( post tax) research if this right one for you. you can withdraw contributions before 59.5 without penalty.

Thanks bro. Will Check out backdoor IRA

[SaradaChinnodu]

10 minutes ago, FrustratedVuncle said:

Mundu nuvvu oka rental aina konnava? Asalu rental house ante free cash flow anukuntunnaru janalu. Okati set chesi maintain chesi choodu first. 

401k ni cash out chese uddesam unte why are you putting in 401k? 

401k lo pedithe age 67 tarvata teskuntene pettuko.

 

Ledu bro…looking to purchase one …

Clarity Leka putting in 401k…Ippudu thinking to put until Match as I’m thinking about early retirement …

open to learn about pros and cons of rental property if anyone is available to guide or share their personal exp 

 

 

[gudboy]

7 minutes ago, SaradaChinnodu said:

Ledu bro…looking to purchase one …

Clarity Leka putting in 401k…Ippudu thinking to put until Match as I’m thinking about early retirement …

open to learn about pros and cons of rental property if anyone is available to guide or share their personal exp 

 

 

ekkada kontunnav rental?

[Sonu_Patel]

1 hour ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

 

I would suggest to max our 401k bro.. you can always take a 401k loan from your 401k contribution upto $50k and you end paying interest to yourself.. which is a win-win in your case!