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Today's guest on the Making Money in Multifamily Real Estate Show is Spencer Hilligoss

Spencer is an active syndicator, real estate investor and executive leader for two real estate businesses. His own company, Madison Investing has co-sponsored deals totaling more than 3000 units, valued at over $328 million. He also is a technology leader with a 13 year track record of building high performance teams across five companies; three of them which are unicorns valued at more than 1 billion dollars

In this episode we cover:

• Spencer\\u2019s early investment/retirement plan, which was to max out his available retirement plans through work
• The assumptions you are making when you make this type of savings plan
• Company 401k matches and why they are the exception
• Once you decide to stop using a 401k as your retirement vehicle, how to continue to be tax advantaged through the process
• The difference between a self directed IRA (SDIRA) and a traditional or Roth IRA
• What it takes to change your mindset to get away from traditional retirement vehicles such as 401ks and IRAs

Quotes from the episode:

• There are a couple of key assumptions that you will even hear regularly socialized, but we don't pressure test them enough, Dave. We can talk more about this in a moment. That's my monologue here, which is take this one comment, which is your taxes will be lower when you retire, the implication that somehow our income, if we are putting our funds in there, will be taxed at a lower rate than currently. And so there are a couple of assumptions baked in there, right?\\xa0You've got an assumption that you are going to be poor. It's a dramatic phrasing, but that is in fact what they are saying in essence, which is, you are going to be making a lower income; your tax rate will be lower.\\xa0Therefore, it's a good idea to defer. If you are doing a traditional, you are not doing a Roth, that's the implication.
• I just think there is massive mindset switch. I mean at its core, we can talk about all this technical stuff all day, Dave, but in the end there was a very big kind of scary moment when I had to sit there from my own account and I had to say, am I going to make that change on this website down from whatever it was, 12%, 13% contribution taken out of my own paycheck every two weeks and I'm going to put that at zero. And you know, there is that moment of questioning like, am I making a terrible decision? I mean, it's a real question. You are sitting there hearing all this noise, all this education that we are fully indoctrinated into. We get bombarded that stuff.

Reach out to Spencer:

• Website: http://madisoninvesting.co
• Email: spencer@madisoninvesting.co

*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.