I used to think that traditional saving for retirement by socking away money into a 401k and/or IRA to pull it out when you retire would be a "slow lane". Whenever I had cash to put into the retirement vehicle, I'd say "but I could make it grow more by investing that back into my business, etc." So, the end result is I have very little stored away in "retirement savings" BUT have equity in businesses, real estate, etc. Now I'm starting to re-think especially given tax savings.
So..do you guys put money into retirement accounts or pile all of your free cash into current biz activities..??
Any advice/thoughts would be very helpful!
So..do you guys put money into retirement accounts or pile all of your free cash into current biz activities..??
Any advice/thoughts would be very helpful!
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