Millennials Are Making A Tragic Mistake With Their 401(k)s
Instead of letting their #401(k) gathering all the money-blood than can over the lifetime of your career. Millennials get analytical like they do – look at their losses some quarter and pull the money, bleed-out. This will bite them later on.
Here's an alternative idea. Frustrated with the current returns on your get-old-well fund? Turn it into a self-directed #IRA and use that to purchase real estate…the return on the property when you flip it…if you flip it…or the rent monthly goes into the account. You just bought something concrete that reads as part of the net-worth of the account, still collecting…as it sits collecting either worth in that bull market appraisal…or collecting rent as well capitalizing on your return down you old, wiser road. You baller.
Millennials are showing us what not to do with their 401(k), and here’s a smarter option if you use these secrets to your benefit!