[USER]

Is it wise to put money in a Roth IRA and a taxable brokerage account if I’m planning to retire at 52?

Or would it be wisest to just put money in a taxable brokerage account?

I make $60k a year as a teacher. I’m not rich.

[Steve]

You want both, but figure out how you’re going to bridge between 52 – 59.5, and what you’re doing for healthcare.

[Allison]

You’ll probably want a mix, or do IRA until you’re closer then brokerage to cover the gap years.

But also note you can withdraw the principal from your IRA penalty free after it’s been in there 5 years.

Check into the 5 year rule more if interested.

[Seiko]

We are doing the same. Maxing out the Roth and the rest goes to the brokerage.

We decided not to contribute to 401k because my husband’s 401k doesn’t even have any match and no Roth401k, either.

[Author]

Posts