Should one open a Roth IRA in addition to their 401k?

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Yes, max out both

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Back to the Roth question, contribute to your 401(k) up to the company match, then contribute to a Roth IRA (if you're under the income limit) up to the annual limit, then look at other investments like Real Estate or whatever.

The reason is (1) the company contribution is like an instant return on capital which will compound for decades, so take it, and (2) a Roth because it's not taxed when you take it out at retirement, when your marginal tax rate will be highest.

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I do Deloitte 6% but it's laughable. 1.25% of your salary lol

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Good question, I currently contribute to both and have a total of 15% split evenly among both options. I like being able to have after tax and pretax money saved for retirement

If you're under a certain pay level yes. Otherwise you can't use Roth IRA

Your current self will be sad at putting away money that you can't spend now, but your future self will love you when you retire

At 59.5 fuck that.. Real estate is the way to go

It is an interesting concept, everyone says to be poor now and rich later, yet you can't really 'get down' when you're sixty plus. I say a healthy mix, enough to know you'll be ok and try to make smart choices now with your real estate options

In places like LA, people can make 100k/yr in appreciation, flipping, etc in the real estate market. This is with just one house, your primary residence. But a mid market house, fix it up, move in two to three years and just keep trading up.

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