If you have a leveraged equity real estate in an i r a, you may end up paying tax. If it's in a four one k, you don't pay it. So it's basically an avoidable tax. And that's why he's interested in getting the money into aFour One K. But if you're going to have stocks and bonds in your portfolio anyway, then it can make a lot of sense to just have the equity real estate be outside the four o one case.