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

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