Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
"I hope, given context, I meant "traditional IRA" here. The 401K contributions definitely WILL help reduce AGI"

This is true. The AGI I am reporting in my question is less 401K contributions.

I guess the question is more on a macro level. How much do you save tax deferred for retirement and how much in taxable accounts. I plan on hanging up my spurs early so having after tax dollars to live on makes more sense then adding to the 59 1/2 contribution.

Thank you for all the advice.

Gary
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement