It's time to say goodbye to your 401k.

Hey, welcome in to the Investing in Real Estate Show.

I'm Clayton Morris, so glad to see you here.

I am the founder of Morris Invest. We are a full service rental real estate company and today we're going to talk about the 401k. And this channel, if you're new here, is designed to help you become a better real estate investor, more intelligent real estate

investor and there's a little something for everyone if you're a beginner or more advanced high-level tax strategy

you will find on our channel as well as beginner steps on how to invest in real estate.

One of the great ways to invest in real estate is to use a retirement account that you already have.

Many people have access to a 401k, and right now it is under siege. Okay? Let me tell you

something about the 401k. It was never meant to stand on its own as the way for

you to build financial freedom, the way for you to retire,

with money pouring out of the rafters.

The 401k was always meant to work in tandem with a pension.

The founder, the creator of the 401k, has said as much. It has fallen apart because

pensions have fallen apart. 401k's have fallen apart. A 401k you could look at it's like a little nice safety net, almost like

Social Security. But the idea that so many Americans believe that if they put money into a 401k

this is going to be the saving grace when they reach retirement.

It's predicated on a number of falsities.

Let's talk about one of them right now, which is that we're going to retire less wealthy, right?

So you're deferring your taxes until you retire.

That's the promise, the 401k, right?

But I don't have to pay taxes now. It's tax deferred. Great. I don't know about you, but I want to retire

Wealthier, which means I'll be in a higher tax bracket, which means yes, I would pay more in taxes later because it's

...