Well, alright... a blast from the past...

[HI Bill]

Quote:

Originally Posted by 82-T/A So I'll go through the different items...

Wow, just wow! People ask for advice, but it seems very rare that they follow through, especially to this degree! Great job!

[Aerides]

Quote:

Originally Posted by 82-T/A 7 - I don't know that I "WANT" to retire at 57, but I am thinking I may want a career change. I just don't know. I haven't decided what I want to do when I grow up.

A lot of people over 50 liked their jobs, their careers, and didn't plan to retire early. But once you get above the average age in MANY fields, that decision gets made for you. Some places it's more obvious than others, but it's a good idea to be ready and FI even if you don't plan to RE any time soon.

And starting a new career after 50 - one that can be called a career and not just a full-time-job-good-enough-for-health-insurance - can be a real trick to pull off.

[HI Bill]

Quote:

Originally Posted by pb4uski If your current marginal tax rate is higher than the marginal tax rate that you expect to be in when you are retired, then tax-deferred savings like a traditional 401k is best.... if the inverse, then a Roth is preferable. I'm guessing that in your situation that tax-deferred savings is preferable... especially for the period of the project and perhaps even thereafter.

Does this concept hold true over 30-year time horizons [would investing more earlier offset the higher tax bill later]? Of course, we only know what the tax rates are now...they will likely be different in xx years!

[trumpeting_angel]

And tax rates are relatively low now.