Retirement planning is something best started early on. The more time you give yourself to invest, the faster your accounts can grow, giving you early financial independence well before the age of sixty-five. But what are the two best ways to do this? On one hand, you’ve got cash-flowing rentals that appreciate while giving you freedom-enabling income with long-term wealth growth. On the other hand, you’ve got passive retirement accounts, many of which can save you boatloads on taxes and grow discreetly in the background while you work away.

It’s hard to say which is a better bet, so why not do both? Today’s guest Benjamin is feeling a little under-diversified after heavily investing in real estate, but without much in his retirement accounts. Benjamin is well versed in the pros and cons of pre and post-tax retirement investing, but with a high income, he’s worried that he may have already reached the income cap for his Roth IRA. Thankfully, he’s unlocked the “holy grail” of retirement accounts, one that will skyrocket his retirement quicker than he thinks.

But before all of this is done, Benjamin and his partner need to build their investment plan. This will help them stay the course when life events come up, allowing them to still retire rich, hopefully in less than a decade. If you want to build your own investment plan, we highly recommend using the one from our own Scott Trench (linked below)!

00:00 Intro
03:27 Income, Expenses, Assets, and Liabilities
06:00 Ben's Money Story
09:09 Tips for Paying Off BIG Debt
11:01 Did I Invest Too Much in My Roth?
15:04 The Holy Grail of Retirement Investing
20:02 Ben's Real Estate Portfolio
23:41 The Investment Plan
30:13 How Fast Can You Hit FI?
34:15 Having Kids and Moving Houses
43:56 Action Items

Show Notes at:
https://www.biggerpockets.com/blog/money-361?utm_source=youtube&utm_medium=description&utm_campaign=none
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Join the BiggerPockets Money Facebook Group:
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Use Scott’s Investment Philosophy Template:
https://www.biggerpockets.com/files/user/scotttrench/file/personal-investment-philosophy?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Our Interview with the Millionaire Educator:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-124-millionaire-educator?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tips on Financial Planning for a Baby:
https://www.biggerpockets.com/blog/money-357?utm_source=youtube&utm_medium=description&utm_campaign=none
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What Offers the Best Return on Investment—Stocks or Real Estate?
https://www.biggerpockets.com/blog/real-estate-vs-stocks-performance?utm_source=youtube&utm_medium=description&utm_campaign=none
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 361

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