Retirement is pretty expensive. Many people use taxable accounts for “normal” retirement savings like food, vacation, medical care, some vacations, taxes and home repairs etc. not just luxury travel and expensive cars or vacation homes.
In addition to our retirement accounts and EF, we have a taxable brokerage account. This account has ~$650k, of which ~$175k would be LTCG. We have no desire for a lake home, traveling the world, or expensive cars, so we have been considering using this money for a new house (~$725k) and avoiding a mortgage altogether because of all the closing costs and high interest rates.
Are you 401k/IRA plus pension or social security enough to fully support your retirement?
Statistics: Posted by muffins14 — Sun Jul 14, 2024 6:12 am