With in the next few years we would like to go to part time or perhaps 32 hours a week with full retirement a year or 2 after that.
Just about all of our retirement funds are in tax deferred accounts which include 401k, IRA, and Roth IRA. We may be able to roll the IRA's into our 401k's and withdrawal at age 55 penalty free.
We currently max out 2 Roths and a 401k. It seems to make sense to start accumulating in an after tax account that would be available to help offset withdrawals during early retirement.
In Jan I was planning on scaling back my 401 contribution so that I continue to get the match and put the rest into an after tax account.
Does this seem like a reasonable plan?
Thanks.
JD
Just about all of our retirement funds are in tax deferred accounts which include 401k, IRA, and Roth IRA. We may be able to roll the IRA's into our 401k's and withdrawal at age 55 penalty free.
We currently max out 2 Roths and a 401k. It seems to make sense to start accumulating in an after tax account that would be available to help offset withdrawals during early retirement.
In Jan I was planning on scaling back my 401 contribution so that I continue to get the match and put the rest into an after tax account.
Does this seem like a reasonable plan?
Thanks.
JD