Author Topic: Where do most FIers put their retirement savings?  (Read 1417 times)

bwells3

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Where do most FIers put their retirement savings?
« on: October 25, 2017, 08:10:47 PM »
Hey all! Somewhat of a noob here, but really enjoying reading MMM and listening to the ChooseFI podcast.

One question that I am wondering about is where most FIers PUT their savings. For example, I have a really strong company match up to 50% total, so I'm going to take advantage of that free $9K in a 401K - but I can't really take that money out until 59.5 YO without a penalty.

So I'm wondering do most FIers put other large amounts of savings in regular taxable accounts so they can retire early?

Apologies if this question is too basic, but it's something I haven't yet run across and is really making me curious.

TIA!

MrMoneySaver

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Re: Where do most FIers put their retirement savings?
« Reply #1 on: October 25, 2017, 08:15:25 PM »
401k and Roth IRA for me.


bwells3

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Re: Where do most FIers put their retirement savings?
« Reply #3 on: October 25, 2017, 08:20:46 PM »
401k and Roth IRA for me.

Thanks for your response. But what is your plan for withdrawing (assuming it is before 59, 65, etc.)?

JLee

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reformingSucka

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Re: Where do most FIers put their retirement savings?
« Reply #5 on: October 26, 2017, 03:11:24 PM »
http://www.madfientist.com/triple-income-value/

after max out pre-tax accounts, then move to taxed sheltered accounts (like a Roth IRA). And if you've got more money, index funds.

Timmm

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Re: Where do most FIers put their retirement savings?
« Reply #6 on: October 26, 2017, 03:46:44 PM »
You can probably open a non-retirement investment account at the same place you have an IRA account. But I've moved mine to Interactive Brokers, for its excellent margin loan rates. This lets me access the equity without having to sell anything - which is mostly a tax issue while I'm still working.

IB is not especially consumer friendly - but I really wasn't an expert when I started and it's not been a problem.