With a joint income of $100,000 you should be able to put more than your currently saving for retirement. If you live frugally, you and your spouse will be able to live in a comfortable lifestyle during your retirement years. If both of you contributed the maximum to your 401k (7500) and 403b(10500), Roths(4000) this still leaves you with $78000 to pay all of your expenses. Live below your means now so that you can maintain your current style of living in retirement. I realize that 403b accounts don't have the same investment options as 401ks do, but I can reassure you that over time it will make a difference. We are both retired teachers and 403b accounts plus my pension and social security is what we are living on with the same life style before retirement. We had about 10 years to build up our 403b accounts with no Roths or IRAs available to us. My wife taught at a private school, therefore no pension and lower salary. We both retired early and living comfortably. In my Retirement Planning Study Group we recommend that you fund your retirement accounts this way.1st. Match employer contributions2nd. Fully fund Roths for both spouses($2000 each)3rd. Maximize contriubutions to 401k, 403b, tax-deferred accounts.4th. If you have money left to invest, buy growth stocks with no or low dividends, like Berkshire Hathaway. No taxes until you sell and then capital gains at lower rates. I developed a spreadsheet that told me when we could retire and live in comfortable life style and make our money last. Happy Holidays,glenn
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