FIREmenow
Full time employment: Posting here.
- Joined
- May 9, 2013
- Messages
- 756
I am targeting retirement in 3 years. Barring a catastrophe, this should work out fine.
I will have a 4yr bridge to gap before 62, and(obviously) 9 years if I want to wait until 67 for SS. But only 2 years from that point till I am 59 1/2.
My company just started a 401K plan (was a Simple IRA prior).
I am very heavy in tax deferred accounts and quite light (less than 15%) in regular after tax brokerage funds.
The new 401K rules will allow me to put in $23K/yr including the catch-up. Should I go all in, go in partway or stay out and put the equivalent into after-tax investments to build that up? No matching - 3% goes in regardless from company.
I will not roll the simple into the 401K as the fees are way too high. But that brings up another variable on the decision - I'll be paying a ridiculous 1%(mgmt) + 1-1.5%(funds) fees for any funds in the 401K. ROBBERY!
What would you do?
Thanks,
I will have a 4yr bridge to gap before 62, and(obviously) 9 years if I want to wait until 67 for SS. But only 2 years from that point till I am 59 1/2.
My company just started a 401K plan (was a Simple IRA prior).
I am very heavy in tax deferred accounts and quite light (less than 15%) in regular after tax brokerage funds.
The new 401K rules will allow me to put in $23K/yr including the catch-up. Should I go all in, go in partway or stay out and put the equivalent into after-tax investments to build that up? No matching - 3% goes in regardless from company.
I will not roll the simple into the 401K as the fees are way too high. But that brings up another variable on the decision - I'll be paying a ridiculous 1%(mgmt) + 1-1.5%(funds) fees for any funds in the 401K. ROBBERY!
What would you do?
Thanks,