I've hit my FIRE number and decided to downshift and work part-time. For the past few years, I've maxed out my IRA and 401k, including the mega backdoor. If I max out my pre-tax 401k only, my net income would roughly match my spending. However, if I want to contribute to my IRA and/or after-tax 401k (for the mega backdoor), I would need to pull from taxable. Does it make sense to continue to max out everything, pulling from my taxable account in order to cover my expenses?
My investments are currently ~30x. Portfolio breakdown is roughly pre-tax - 72%, Roth - 22%, taxable - 6%.
My investments are currently ~30x. Portfolio breakdown is roughly pre-tax - 72%, Roth - 22%, taxable - 6%.
Statistics: Posted by SRenaeP — Wed Nov 06, 2024 7:26 pm — Replies 4 — Views 476
