Hey all,
I'm looking for some advice regarding where and how to invest, allowing me to retire early.
Background:
38 Yrs. Hoping to Retire around 50.
My wife and I are in education. We both pay into our state pension system. We also contribute $22,500/year to our 403(b) accounts (combined). Combined, we're just into the 25% tax bracket with our current contributions and deductions.
I have a roth IRA with Vanguard
We have some taxable index funds with Vanguard as well. (just starting - about $20k)
In order to retire early, we'll obviously need to be able to access some funds. So, I know I can add more to our 403(b) accounts and max out Roth IRAs, but I'm concerned that I won't have money available at 50....
From looking at various calculations, I think our funds are looking good after age 60, even with less than what we're currently contributing to 403(b) accounts.
In addition to what we contribute to our 403(b) accounts, we have about $2000/month available to invest.
I know I can benefit tax-wise from putting more into my 403(b) or Roth IRA right now, but I'm concerned that I won't have the money when I want it (i.e. age 50) and also a bit concerned that withdrawal rules may change and force me to grind longer....
Are there better ways around this?