Reply to 50 year olds - how much retirement $ do you have saved?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ages 49/48
$1M tax-deferred
$600k Roth
$750k home equity (paid off townhome)
$175k college (one kid)

SS estimate for both of us $4,500/mo. [/quote]
It is really odd seeing so many posters like PP above who have nothing saved outside of tax advantaged vehicles.[/quote]

What does that mean?[/quote]

Why is it odd? A balance of Roth and Traditional is all you need to manage your tax burden in retirement.  There are plenty of strategies for withdrawing penalty free early if you want to retire early. [/quote]

Maybe penalty free, but you will get hosed by taxes.[/quote]

We have a lot in 401k (almost 4m) with only about $300,000 in taxable accounts. We have maxed out 401ks since we are in the 37% tax bracket and have been in the top bracket for years. We should be in a lower tax bracket in retirement. We will also convert portions of 401k to Roth during early years of retirement when we don’t have RMDs or SS. [/quote]

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