{ "media_type": "text", "post_content": "My wife and I would like to retire at age 50 (or earlier). We’re in our early 30s. We’ve been maxing out 401ks and IRAs for years and started contributing 20k a year into a taxable account to start filling the gap since we can’t access 401k until 55. At what point should we be reducing 401k/IRAs and redirecting to the taxable account? Otherwise our income balloons late in life. Curious how others are managing this.", "post_id": "60ae8ece6af4fd0024e5c9a5", "reply_count": 5, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

My wife and I would like to retire at age 50 (or earlier). We’re in our early 30s. We’ve been maxing out 401ks and IRAs for years and started contributing 20k a year into a taxable account to start filling the gap since we can’t access 401k until 55. At what point should we be reducing 401k/IRAs and redirecting to the taxable account? Otherwise our income balloons late in life. Curious how others are managing this.

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Is your Ira Roth or traditional? If Roth you can withdraw contributions. You could do conversions to Roth if it is traditional. I suggest looking at some of the FIRE websites for ideas

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We both do backdoor Roth IRA contributions. So technically we have both but all the money is in the Roth’s.

There are also safe harbor rules that allow you to withdraw from 401(k) / IRA before the usual age requirements, with conditions. That money isn’t completely locked up, and it may be beneficial to access it to complement the taxable account money.

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Do you own any real estate ?

If they’re both Roth, don’t contribute to taxable accounts. The better question would be when to switch to pre-tax 401k contributions.

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