Submitted by joma417 t3_yipjs2 in personalfinance
bulldg4life t1_iuk3tdl wrote
You probably need to be saving quite a bit more in the 401k. Remember, post-60 is just as important as 40-60.
You need to look at how much you are spending and figure out a number that will produce that much at like 3% withdrawal.
I would mix traditional and Roth savings (whether that’s both in 401k or you do 401k and Roth IRA).
joma417 OP t1_iuk4duu wrote
Hmm yeah I figured that, I’ll research more about what this all means lol
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