nanannjen
Recycles dryer sheets
I read something in a magazine that made me think....it suggested that you may only want to contribute enough to the 401k to get your company match, and save the rest in a taxable account. The logic behind this was that tax rates are low now compared to what they will be.
Since I firmly believe that taxes will only be increasing, this actually made sense to me. We are looking to ER next spring. We have always maxed out on our contributions, but I'm wondering if I should drop it back for the last few months.
Obviously this would require saving (not frittering away) the money....I'm not worried about that portion of it.
Any thoughts? Thanks!
Since I firmly believe that taxes will only be increasing, this actually made sense to me. We are looking to ER next spring. We have always maxed out on our contributions, but I'm wondering if I should drop it back for the last few months.
Obviously this would require saving (not frittering away) the money....I'm not worried about that portion of it.
Any thoughts? Thanks!