I know that this topic rolls around every so often, but I wanted to expressly ask the forums opinion on my particular situation.
We're 31, we have 1 kid, we're maxing out (17.5k) each of our 401k's which have decent investment options, maxing out our Roth IRA's, contributing to a 529, and contributing "extra" to a post-tax brokerage account (Vanguard Funds), and we have to following balances:
- Combined 401ks - $200k
- Combined Roth IRAs - $60k
- Combined Post-tax brokerage - $40k
- ING Cash - $15k
Currently, our combined gross salary is $150k (with my wife working 60%FT, which will continue for 3-5yrs, then she'll go 100%FT again). We've been contributing to a Roth IRA for the last number of years with the intention that it's good to be able to pull out the contribution portion in case of emergency or first home purchase. Well, seeing as we have bought a home already and have (what I consider, based on our expenses) a sizeable cash/brokerage stash for emergencies, those ideas seem moot.
If we're potentially looking to move into Semi-ER or full on FIRE sometime in the 10-15yr timeframe, should we be contributing to a Traditional IRA instead? When we start looking toward actually retiring, a TIRA would be eligible for 72t or the Roth-IRA-pipeline method, right?
It seems to me the usefulness of the Roth has passed us by, and I just wanted some clarification from others.