Reply to Anyone else dealing with this issue of "gap years" before retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hard to belive 401ks accounts can be overfunded in your 40s. Remember, catch ups are not till 50 so you cant even put a ton in pre 50.  [/quote]

This. For us the taxable account is higher because we were capped on the retirement accounts. Now for us his is due to only one spouse having 401k access. [/quote]

Not for me.  I'm in my 40s.  For some reason, I got the message that you have to max out your 401k every year starting in year 1, and that is what I did.  It wasn't until years later that I started thinking about retiring early, and by that time, my combined retirement accounts were a large sum.  In the interim I was maxing out 529 plans, and they are now fully funded.  I just short changed myself on my brokerage account, and now I regret not saving more there from a younger age, as it would allow me to retire earlier.  I'm hitting it hard now, but even with very high contributions, I'm not sure it'll ever surpass my 401k.  The money you save the earliest grows the most![/quote]

Are you op? I am in a similar boat. We lived way below our means to max our 401ks. Now, I would like to use that money to live, but I am not "old enough."

The rule of 55 won't apply to me, I assume, because I run my own business. Very hard to use the rule of 55 in a world where layoffs happen so frequently and one is restricted to using funds from the 401K of the current employer.

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