My wife and I would like to semi-retire in around 18 years, or permanently retire to her home country which has a cheap COL. I know this is very far out but I'd like to start thinking about this now rather than later.
Our current situation:
Trad 401k: $128,000
Roth IRAs: $40,000
HSA Investments: $19,000
Cash: $42,000
2018 AGI: $130k (12% bracket since a lot of that is dividends from the company I co-own).
Only liability is our mortgage of $215,000 (15 year @ 3.875%). Want to have this paid off before the target retirement date.
I make enough to max my traditional 401k and max both my Roth IRA and my wife's spousal Roth, and our HSA. Any additional money has been going to savings, 529, some additional mortgage principal, and so on.
The question I have:
1. The principal in the Roth IRA can be accessed early w/o penalty. Is this also true for Roth 401ks? Should I perhaps start diverting some traditional 401k contributions into a Roth 401k?
2. Should I start taxable investing as well?
Our current situation:
Trad 401k: $128,000
Roth IRAs: $40,000
HSA Investments: $19,000
Cash: $42,000
2018 AGI: $130k (12% bracket since a lot of that is dividends from the company I co-own).
Only liability is our mortgage of $215,000 (15 year @ 3.875%). Want to have this paid off before the target retirement date.
I make enough to max my traditional 401k and max both my Roth IRA and my wife's spousal Roth, and our HSA. Any additional money has been going to savings, 529, some additional mortgage principal, and so on.
The question I have:
1. The principal in the Roth IRA can be accessed early w/o penalty. Is this also true for Roth 401ks? Should I perhaps start diverting some traditional 401k contributions into a Roth 401k?
2. Should I start taxable investing as well?