cj
Full time employment: Posting here.
- Joined
- Jun 21, 2005
- Messages
- 517
I am mostly a lurker, but I lurk a LOT. There is so much good discussion going on in here, and I really appreciate hearing about everyone's experiences.
I quit my job in 2006, and after about 10 months, they talked me into coming back part time. I work 3 days a week, and one of those days is from home. I (mostly) like what I do, so it's actually a pretty good deal. But I'm thinking that it's getting to be enough, already, so I'm planning to pull the plug early next year (I'll be 56).
I currently contribute 15% to my 401K; 4% of that is matched. We also fully fund our Roths every year. I'm thinking that as I get closer to the end, I might cut the 401K contributions back to the 4%, and take the extra in the first part of next year to stuff our Roths, put some into a muni fund (for the dividends) and some into cash for spending the first year or two. The issue that I have is that almost 80% of our stash is in 401K's and non-Roth IRA's. I see the tax man over the horizon for all of that. I'm not sure about how soon to implement this plan, since stuffing the 401K saves on taxes this year, while our income is still on the higher side. DH still works full time.
Did anyone else do something like that? Opinions? Thanks!
CJ
I quit my job in 2006, and after about 10 months, they talked me into coming back part time. I work 3 days a week, and one of those days is from home. I (mostly) like what I do, so it's actually a pretty good deal. But I'm thinking that it's getting to be enough, already, so I'm planning to pull the plug early next year (I'll be 56).
I currently contribute 15% to my 401K; 4% of that is matched. We also fully fund our Roths every year. I'm thinking that as I get closer to the end, I might cut the 401K contributions back to the 4%, and take the extra in the first part of next year to stuff our Roths, put some into a muni fund (for the dividends) and some into cash for spending the first year or two. The issue that I have is that almost 80% of our stash is in 401K's and non-Roth IRA's. I see the tax man over the horizon for all of that. I'm not sure about how soon to implement this plan, since stuffing the 401K saves on taxes this year, while our income is still on the higher side. DH still works full time.
Did anyone else do something like that? Opinions? Thanks!
CJ