Hi, everyone. I've been reading the blog for about a year now, and have recently started reading from the beginning. I have a question regarding early retirement and the types of accounts used to fund retirement. The typical advice is to max out tax deferred accounts while saving (e.g. 401k, IRA, etc.) before investing in taxable accounts. However, in order to "retire" from 9-5 wage paying work at say, age 35-40, I would need to be living off of dividends/withdrawal from accounts that allow me to do so before reaching "retirement age." So, from my understanding, this means a combination of taxable accounts/IRA contributions(/401k -> IRA conversions?).
At my current job, I am part of an optional retirement program (which I believe operates as a 403b), but due to contribution limits in the PLAN, I am not able to reach the IRS limit. I can also contribute voluntarily to an actual 403b (or roth 403b) AND a 457 (which has separate IRS limits?). Additionally, my HDHP gives me an HSA to contribute to as well.
Am I supposed to try to max out ALL of these tax deferred options before using a taxable account if my goal is to leave 9-5 wage paying work at age 40? Will I have enough accessible funds if I do that, or should I calculate my own limit where I should start using taxable funds so that I have some liquidity at age 40.
Thanks.