I plan, at the very least, to go part time in about 6 years at which I will be 50. My DW should be able completely retire if she likes - she would be 55.
We currently max out my 401k and 2 Roth’s. My DW just became eligible for a 401k (no match). Besides the 401k and Roth’s, we should have another 10k available in 2013 for savings.
We don’t really have any taxable savings at this point except for our emergency fund. My question is should I cut back on my 401k - enough to get the match - and start building up a taxable account a little more quickly? Another option would be to start maxing DW’s 401k so that she could make penalty free w/d’s starting at 55 – if that is allowed.
Thanks,
John
We currently max out my 401k and 2 Roth’s. My DW just became eligible for a 401k (no match). Besides the 401k and Roth’s, we should have another 10k available in 2013 for savings.
We don’t really have any taxable savings at this point except for our emergency fund. My question is should I cut back on my 401k - enough to get the match - and start building up a taxable account a little more quickly? Another option would be to start maxing DW’s 401k so that she could make penalty free w/d’s starting at 55 – if that is allowed.
Thanks,
John