Shift Focus to Brokerage? 31F, not married, no kids. Will…
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Shift Focus to Brokerage?
31F, not married, no kids. Will probably be married in a few years, will not have any kids. Renting and don’t plan to buy a home because VHCOL area. Currently have $358k in the market (almost all VOO/other similar ETFs, but about $15k in crypto) and $50k in HYSA (along with other savings buckets up to about $75k cash total). $130k of the $358k is in my brokerage, and $228k is in Roth-type accounts. I would like to retire by 50, ideally 45 and just work part time if/when needed. So I am thinking I will need bridge money from around age 45 to age 59.5. I would like to fat FIRE(about $120k/yr spend to be safe), as I like to travel. I’m looking for advice as to whether I should stop investing in after-tax ROTH (MBDR) with my employer and dump that into my brokerage. Part of me says I’m more than fine with my after 59.5 money because it has nearly 30 years to compound. But it’s the 45-59.5 money that I think needs some work.
No employer match btw. Plan for next year is to max out 401k and backdoor ROTH in January/February with my EOY bonus, and then just focus on brokerage investing rather than MBDR, but open to hearing other thoughts. High income earner so I think there’s benefit to still maxing 401k to lower taxable income. Or, since I seem to be CoastFire with strictly retirement accounts, should I not max 401k and just put all into brokerage?
THANKS FOR READING
#business
source
31F, not married, no kids. Will probably be married in a few years, will not have any kids. Renting and don’t plan to buy a home because VHCOL area. Currently have $358k in the market (almost all VOO/other similar ETFs, but about $15k in crypto) and $50k in HYSA (along with other savings buckets up to about $75k cash total). $130k of the $358k is in my brokerage, and $228k is in Roth-type accounts. I would like to retire by 50, ideally 45 and just work part time if/when needed. So I am thinking I will need bridge money from around age 45 to age 59.5. I would like to fat FIRE(about $120k/yr spend to be safe), as I like to travel. I’m looking for advice as to whether I should stop investing in after-tax ROTH (MBDR) with my employer and dump that into my brokerage. Part of me says I’m more than fine with my after 59.5 money because it has nearly 30 years to compound. But it’s the 45-59.5 money that I think needs some work.
No employer match btw. Plan for next year is to max out 401k and backdoor ROTH in January/February with my EOY bonus, and then just focus on brokerage investing rather than MBDR, but open to hearing other thoughts. High income earner so I think there’s benefit to still maxing 401k to lower taxable income. Or, since I seem to be CoastFire with strictly retirement accounts, should I not max 401k and just put all into brokerage?
THANKS FOR READING
#business
source
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