Taxable vs. Tax Deferred Accounts
It seems like the majority, or at least many, of those who have ER'd on this board have substantial assets in taxable accounts. A number of you mention that you have been retired for X number of years without touching your IRA's 401(k) etc.
I guess the questions is : given the desire to retire early and what I percieve as a need for flexibility, how much should someone have in taxable accounts?
Is it merely maximize the amount you can save into tax-deferred accounts and then save anything above that in taxable accounts? Or is there some point at which it would make sense to save more in taxable accounts even if you are not maxing out your tax-deferred accounts? Don't the early withdrawal rules make it difficult to live off of just tax deferred account, considering the need for money may vary from budget significantly from year to year? Or is this not the case?
Thanks for any responses.