Hi all,
Just started a new job and I chose to begin contributing to Roth 457 and my gut is telling me I should switch to Traditional to FIRE by age 40.
We have:
$250k roth IRA/TSP
$100k traditional
$50K taxable
Pretty much all in a fidelity total us stock index fund. Have about 20k BP stock.
We are 34yo combined income of $100k and hope to fire in 5-7 years. I am leaning towards switching to traditional because of the penalty free early withdrawl 457 offers. We went with Roth initially to take advantage of our child tax advantage today (we have 4 kids 7,4,2, 1).
Still torn, thoughts?
Matt