Hello all,
I've read the pinned articles "Investment Order" and "How to withdraw funds from your IRA..." but I still don't fully understand how you are able to retire young (let's say at age 40) when the majority of your investments are in a 401k, IRA, HSA, and/or Roth IRA. To my understanding, these all have limitations on what you are able to withdraw.
Currently, I'm investing in the following manner:
- $70,000 income before taxes
- I've put 6% of my income in my company offered 401k to max out their one-to-one matching and they also have an addition 3% for free (15% total)
- The remaining 50% of my take home income is being invested into Vanguard mutual funds
So I could potentially be putting more money in my 401k, open an HSA, and also a Traditional/Roth IRA. Since I planned to retire early, I wanted to be able to access my money, and if I put them in the above mentioned accounts, I didn't think I would be able to retrieve the ~$25-30,000 required to live.
Am I missing something, and should I be placing more money in these accounts to match the recommendations of the "Investment Order" thread?
Thanks!