Author Topic: Keep 401K maxed or dial it back and Index?  (Read 1968 times)

badger

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Keep 401K maxed or dial it back and Index?
« on: June 14, 2013, 08:45:19 PM »
Here is my dilema:
Should I keep my 401K maxed out? 
I am 35yo with close to 500K in an employer based 401K.
I have 50K in regular savings, but as the years pass I feel I should dial back the 401K and pick up some idex funds with that money.
I would like to retire early and am concerned about the gap inbetween collecting on my 401K. 
Any suggestions?

Best Regards!

matchewed

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Re: Keep 401K maxed or dial it back and Index?
« Reply #1 on: June 15, 2013, 04:18:22 AM »
http://www.mrmoneymustache.com/2011/11/11/how-much-is-too-much-in-your-401k/

It all depends on your plan. You haven't provided enough information about your current situation. How much do you earn and spend? How much do you want to spend in retirement? Are you going to use income streams such as businesses or rentals?

badger

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Re: Keep 401K maxed or dial it back and Index?
« Reply #2 on: June 15, 2013, 08:38:32 AM »
Thank you for the reply! 

WOW, so much good information in that post; that is exactly what I needed!

I do not have any business or rental streams of money and am hopeful to retire around 50.

My wife has also been maxing our a Roth IRA for about 10 years, along with her own 401K which has about 200K 

After that read I definitely feel like we have too much "OLD" person money ;-) 

The MMM forum is great!  I just wish I would have found this 10 years ago....

I commend all the people that are willing to help the novices, truly honorable! 

Best wishes to the MMM crew!