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Reply to "Unwise to Max Out Retirement Accounts?"
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[quote=Anonymous][quote=Anonymous]You should check out where your retirement money is expected to be when you retire. Mine is projected to far exceed the amount I'll need, so I'm saving a lot of it until I get to a year's salary or so. Keep in mind that you can in fact withdraw some of your retirement money early, you just have to pay a tax penalty. And, if it's headed into a ROTH you can withdraw all of the initial contribution at any time. Initially, for the same reasons as you, I was trying to save a ton in a HYSA, but came to realize that keeping it invested made more sense, especially with the potential of withdrawing the initial ROTH contribution.[/quote] Meant to say, "I'm saving a lot of what we would have put into a retirement account in a savings account."[/quote]
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