Get Rich Education 276: Weinhold, Wheelwright, Benna on 401(k)s, RE Pro Designation
Even a dollar-per-dollar match from your employer might not make 401(k) participation worthwhile.
"Timing" could be the most underrated word in investing.
Retirement plans only pay you when you’re old.
401(k)s rob you of the opportunity to fully live life while you’re young enough to enjoy it.
401(k)s used to be named “Salary Reduction Plans”. They had to get rid of the name to foster participation!
Instead, opt-in for your “Salary Increase Plan” with cash-flowing real assets.
Tom Wheelwright joins us, and we hear the voice of 401(k) inventor Ted Benna from GRE Episode 197.
In fact, 401(k)s incur tax rates double than if you had simply invested outside of the plan.
If you’re young & building wealth, specialize.
If you’re old & maintaining wealth, diversify.
Tom & I go deep on how you can qualify for the coveted Real Estate Professional tax designation while you still have a day job.
You don’t need to be a real estate agent to be an RE Pro, but it helps. Marriage can help.
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Ted Benna & I’s full chat:
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