Post #55 by Jimkredux on the Tax Strategies board

Personal Finance Topics / Tax Strategies

Unthreaded | Threaded | Whole Thread (3)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

Hi Smufty,

I would say that maxing out the 401k for 10 years or so makes a lot of sense. He would be drawing down the taxable account, but perhaps by a little less each year as his salary increases. Being so young, he has the opportunity to balance where his retirement savings are held, so he has flexibility in retirement. I was able to retire early with my funds split 40/30/30, taxable, tax-deferred,and tax free. This allowed the flexibility to take full advantage of ACA subsidies,while still having plenty to spend. The more options for income generation, the better.

Jim K

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (3)

Prev | Next

Announcements

Tax Strategies FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.