$7 Million in a 401(k) at 61 — Should You Invest in Real Estate for Passive Income?

Описание: If you have $7 million in a 401(k) at age 61, should you start investing in real estate for passive income — or keep things simple?

In this clip from the Money Matters podcast presented by Allworth Financial, Scott and Pat talk with a caller who has built an incredible $7 million in a 401(k) after decades with a public company. Now she’s being told she needs to diversify into real estate partnerships that generate monthly cash flow. But is adding complex LLCs and limited partnerships really necessary when you already have substantial retirement assets?

They discuss:
-Whether you really need real estate if you already have $7 million in a 401(k)
-The risks of private real estate deals and limited partnerships
-Required Minimum Distributions (RMDs) and tax concerns
-Whether Roth conversions make sense at a high income
-How to think about buying a $1 million home in retirement
-Why “income investing” can sometimes overcomplicate a solid financial plan

If you’re nearing retirement with a large 401(k) balance and wondering about passive income, real estate investing, or tax strategy, this is a must-watch conversation.

LISTEN TO THE FULL EPISODE HERE:    • A Common Tax Mistake Wealthy Investors Ove...  

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