I am very pleased that we have saved in taxable for 30 years. The flexibility it will provide in our early (ish) retirement years is going to be awesome. The $2,000 IRA limit when I started wasn’t going to get me anywhere. The $100 a month into taxable developed a great habit, and that habit has gotten us a long way.
We will do some Roth conversions because Roth dollars are also extraordinary, and our Roth accounts are way too low.
We are in a high marginal bracket so maxing out traditional 401k is an obvious first step, and quite valuable.
So, summarizing, I like all types of retirement accounts. Having a mix will allow us to manage our income in a variety of ways. So I try to encourage folks to save a lot, which automatically starts to get balances in all three major types.
We will do some Roth conversions because Roth dollars are also extraordinary, and our Roth accounts are way too low.
We are in a high marginal bracket so maxing out traditional 401k is an obvious first step, and quite valuable.
So, summarizing, I like all types of retirement accounts. Having a mix will allow us to manage our income in a variety of ways. So I try to encourage folks to save a lot, which automatically starts to get balances in all three major types.
Statistics: Posted by Silverado — Sat Feb 01, 2025 8:08 pm
