start looking at whether it makes sense to convert some taxable IRA money to Roth IRA (e.g. to the top of the 12% bracket seems like a no brainer)
+100!If I could do it over in the 4 - 6 years prior to FIRE, I would NOT emphasize qualified plans (401(k) tIRAs, etc.). Instead I'd do Roths to the max and the rest of my investments would be in taxable funds. I ended up with way too much qualified money (big RMDs now and not enough easy cash for stuff that comes early in ER.) Naturally, YMMV as we are all different in our incomes, needs, plans, etc.
Thanks all!
Some additional info that may be helpful:
I will be retiring in my mid-40's. The FIRE number is based on taxable accounts, meaning I'll have enough until the age of 59 1/2 with just my non-retirement accounts. And the FIRE number, at a 4% withdrawal, would be essentially double what I spend now.
...I'll have enough until the age of 59 1/2 with just my non-retirement accounts...
^ This! All of This. Excellent points.Make it closer to 4 than 6.
Build a cash balance to fund first couple years, my last year, I only contributed to deferred accounts up to the match and saved cash. I am coasting on cash till the end of my first calendar/tax year when I will decide what to sell to replenish and manage taxes.
Study up on your employer's benefits/processes and know your rights and the rules/laws better than them.
Research HI, ACA might be a better/cheaper option than Cobra once you pay the full cost of the employer plan. -Make sure any preferred docs will be on the plans you consider.
Don't give early notice... enough threads on this but I didn't listen and gave about 9 weeks.
Mentally, prepare/expect a market crash the day you leave or just before! It's going to happen sometime so if you expect it, it won't be shocking and less likely to deviate from your plan.
Very good. I am always surprised when I see posts from folks with just a year or two to go, but have all their savings in tax advantaged. Rich enough to retire but can't actually touch it yet.