redirect from pretax to brokerage? building wealth
hello all. I'm mid 40s and here are my stats:
1.9MM 401K
200K Roth
250K brokerage
3 kids / 529 total ~400K
890K mtg / 3% interest rate. 25 years to go..
combined HHI income is 450K; and would like to possibly start winding down by age 55-57. as others have said I'm too burned out. What I've realized is my brokerage is probably light and I need a bridge before the 401K can be tapped. we are targeting 5-6MM in retirement
spouse and I are corporate drones with most of the income is from salary, and little from bonus. No equity. So the point is - our HHI income is likely tapped out from an upward mobility perspective.
Should we re route some of the 401K (we are both maxing) instead try beefing up the brokerage? I think its trade off for us given our current spend