Should you invest in Retirement or Non Retirement accounts?

✅ Should you invest in Retirement or Non Retirement accounts?

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💠 Investing into retirement accounts vs non-retirement accounts? It depends. (AND it's never too late!) It's always tax beneficial to invest into retirement accounts before non-retirement accounts.

💠 Coach Mike has focused only on one at a time in his 20's. Leading to his net worth to be about 50% in retirement accounts and 50% in non-retirement accounts in his 30's.

💠 Reminder, this is only once you are debt free! If you have debt or no emergency fund, then you want to focus there before investing.

💠 Rules: Minimum 10% - maximum 20% into retirement accounts. Any money after the 20% we recommend paying off your house off early or invest in non-retirement accounts.

Ask: what is the likelihood that you will want access to that money before your 60's?

💠 Be sure to check out the ILMA Investing Course to start living your Ideal Life years sooner