Jake Walker in Michigan asks:
I am 25 and wonder how I’ll retire since I won’t have a pension like my parents. Last year, I bought a rental property and my return was much higher than what I saw on my 401(k) and Roth IRA. I look at this as a way to diversify my portfolio and also generate cash flow in retirement. Basically, my version of a pension. Is this a good approach to have?
Jake Walker is doing a lot better financially than most of us are at 25 years old. Since he tells us he’s already maxing out his 401(k) and saving money in a Roth IRA, adding real estate to his retirement portfolio could be a smart move.
