Hi,
I am considering an aggressive approach with regards to maxing out tax advantaged accounts and would like to know if this may put me at liquidity risk should I make it to early retirement.
Currently, I am maxing out my wife and I's 401ks. However, I am considering also maxing out both of our backdoor roth IRAs and megabackdoor roth IRAs. By my count this would put our total contributions, including employer contributions, to tax advantaged accounts at ~120k/yr.
This would leave really only enough money leftover for our daily expenses. We have no short term goals for liquid cash - like college funds, cars, or down payments. We have an e-fund and some taxable. But we would not be able to contribute much if at all to our taxable account if we implement this aggressive strategy.
Would this strategy put me at risk in the event of early retirement? I could potentially have a long road from retirement to 59.5 and would appreciate your insight on if the drawdown of these accounts is flexible enough to warrant this strategy (e.g. roth IRA contribution withdrawals).
Thanks!
