nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
I'm sure lots of us on this board started off saving for retirement in the usual pensions and tax deferred accounts. We probably maxed out our savings and started to accumulate after tax investments and then realized that to ER we needed to save more after tax unless we were prepared to 72t. So my question is what %age of your savings go in after tax accounts and have you you ever made the conscious decision to reduce your tax deferred contributions to save more after tax?
I'll start off.
I have access to a state run defined contribution plan, a 457 and a 403b so I could put about $50k a year away tax deferred, however I don't max out the 403b. My tax deferred to after tax ratio right now is 1.2. Maybe this ratio should start out high when you're young and as you get older it should reduce for a number of reasons like you max out your after tax accounts or you start to emphasize the after tax for ER
I'll start off.
I have access to a state run defined contribution plan, a 457 and a 403b so I could put about $50k a year away tax deferred, however I don't max out the 403b. My tax deferred to after tax ratio right now is 1.2. Maybe this ratio should start out high when you're young and as you get older it should reduce for a number of reasons like you max out your after tax accounts or you start to emphasize the after tax for ER