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herbert · Newbie Joined: 30 Aug 2005 Posts: 1 Career Advice: +0/-0

I am in my 30's and have am thinking about the 401k retirment plan. I could either invst in this plan where basically I can set aside some money each month. O rinvest in residential property which is a much safer ooption mbut more time consuming. I am looking for a partner/advisor in the phoneix area to consult about this.

ank06 · Expert Joined: 20 Sep 2006 Posts: 248 Career Advice: +1/-0

Hi, I'm not going to offer my services as "partner", but I can state my opinion: you can invest in a residential property because the money will come in greater amounts. But don't thi8nk that the option is safer, because you'll have to insure it agains various damages...and the insurance, as you might know, it's not cheap.
With the retirement plan, you can start doing that as if from tomorrow. You don't have to place large amounts of money in there...I believe you can even place 20-30$ a month if you want. It is upto you.

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