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ptheland writes,

That just means that you managed to get a significant amount into your IRA during your working career. (And/or your living expenses are unusually low - or some combination of the two. Perhaps there were some 401k rollovers included in the IRA?) With the current limits on IRA contributions ($3000 growing to $5000 in a few years) I would imagine that someone trying to duplicate your success would need more than just IRA contributions to retire before 40. After maxing out 401k deferrals (or especially if there's no 401k available), the next logical choice IMHO would be taxable savings.


That's correct. At least 90% of my IRA assets are money I rolled over from a 401k as I job-hopped through the 1980's and early 1990's. I agree that one is unlikely to retire before age 40 on a $3,000 annual IRA contribution.

intercst

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