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Which courier are you
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<blockquote data-quote="Oldfart" data-source="post: 2401805" data-attributes="member: 64407"><p>I tried dropping down to 6% on the 401k and dumped a bunch into a Roth for 2 years. I believe the Roth max is about 6k per year. Made a lot of untaxed income for my retirement years but I got hit with some serious income tax consequences for those 2 years. I went back up to 20% in the 401k for the last 5 or so and decided to worry about taxes later. Now that I am close to calling it quits and my wife retired last year, I decided to drop back to 6% and used the other 14% to splurge on a classic car to restore. With my 401k getting about 8%, it has recovered nicely from 2008 and once I retire, I will go very conservative and will live comfortably even it I get 3% return.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2401805, member: 64407"] I tried dropping down to 6% on the 401k and dumped a bunch into a Roth for 2 years. I believe the Roth max is about 6k per year. Made a lot of untaxed income for my retirement years but I got hit with some serious income tax consequences for those 2 years. I went back up to 20% in the 401k for the last 5 or so and decided to worry about taxes later. Now that I am close to calling it quits and my wife retired last year, I decided to drop back to 6% and used the other 14% to splurge on a classic car to restore. With my 401k getting about 8%, it has recovered nicely from 2008 and once I retire, I will go very conservative and will live comfortably even it I get 3% return. [/QUOTE]
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