Yes in absolute dollars needed to be saved.

Taxable brokerage account in addition to those is also required to bridge early retirement before some retirement vehicles can be accessed. Tax strategy is critically important, especially in an early retirement scenario. Without the taxable brokerage, it’s very difficult to early retire (unless there is a cash flowing stream for living expenses elsewhere).

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Posted by beaverfever

Little Rock

Member since Jan 2008

32769 posts

Posted on 5/15/24 at 6:14 am to lynxcat

Yeah I don't mind playing catch up as much on the taxable account side. I figure if by 40 I've planted the seed in a 401k/roth to have everything I'll need 65+ then I can spend 40-50 worrying more about covering myself between 50-65. And I sleep better knowing the 65+ part is in the bag and it's just a matter of improving the retirement timeline as much as possible.

Part of that is being married, particularly to someone that is not financially savvy. I have to make sure the long-term bag is secured first in case something happens to me. If it were just me I would be much more aggressive.

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Posted by dragginass

Member since Jan 2013

2774 posts

Posted on 5/18/24 at 12:56 pm to lynxcat

quote:
Taxable brokerage account in addition to those is also required to bridge early retirement before some retirement vehicles can be accessed. Tax strategy is critically important, especially in an early retirement scenario. Without the taxable brokerage, it’s very difficult to early retire (unless there is a cash flowing stream for living expenses elsewhere).

My plan is to start taking 72T S.E.P.P. draws from my 401k around age 48. I'm comfortable committing to a 2-3% annual draw for 11 years. If the market takes a crap, I'll work part time to invest in another account, because the draws won't stop.

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