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Money and Finances
Reply to "2019 I turn 50 - is there a reason NOT to do 401K catch up?"
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[quote=Anonymous][i]would prefer to take that and use it for quality of life items at least the next few years[/i] The option to put more money a retirement account in isn't changing your total gross income, so your total spending should be similar next year to what it is currently, assuming you're comfortable with what you have saved, what you are saving, and what you are spending. If you are currently saving some money in regular accounts (nontax preferred), then next year you can redirect some of that to the retirement accounts. Or if you have more money in regular account than you think you need, then make the catch up contributions and spend out of that "extra" regular savings. [/quote]
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