http://retireby35.com/2009/07/aim-high/ Chronicling my journey to financial freedom Wed, 08 Sep 2010 20:00:28 -0700 http://wordpress.org/?v=abc hourly 1 http://retireby35.com/2009/07/aim-high/comment-page-1/#comment-153 admin Thu, 03 Dec 2009 04:39:22 +0000 http://retireby35.com/?p=107#comment-153 Actually the principle in a Roth IRA can be removed without any penalty but you are right about the 401k. If you look at my assets, less than 5% are in retirement accounts currently. For my overall plan I want part of the portfolio to be non-retirement assets and another chunk to be retirement assets. That way I can plan for a long future while also taking advantage of any perks the government allows us. I just need to maintain enough assets in non-retirement accounts so it will survive me long enough until the "normal" retirement age limit kicks in and then I can utilize the retirement accounts. If I don't then I risk running out of assets by the time I am old and gray since I forfeit all of the benefits for tax-deferment (401k) and tax-exemption (Roth). Actually the principle in a Roth IRA can be removed without any penalty but you are right about the 401k. If you look at my assets, less than 5% are in retirement accounts currently. For my overall plan I want part of the portfolio to be non-retirement assets and another chunk to be retirement assets. That way I can plan for a long future while also taking advantage of any perks the government allows us. I just need to maintain enough assets in non-retirement accounts so it will survive me long enough until the “normal” retirement age limit kicks in and then I can utilize the retirement accounts. If I don’t then I risk running out of assets by the time I am old and gray since I forfeit all of the benefits for tax-deferment (401k) and tax-exemption (Roth).

]]> http://retireby35.com/2009/07/aim-high/comment-page-1/#comment-152 Scott Thu, 03 Dec 2009 04:14:41 +0000 http://retireby35.com/?p=107#comment-152 If your goal is to retire by 35, why are you investing in a 401k or Roth IRA? These accounts cannot be touched, without penalty, until 59 yrs old. If your goal is to retire by 35, why are you investing in a 401k or Roth IRA? These accounts cannot be touched, without penalty, until 59 yrs old.

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