I like this quesiton because I’ve had to modify my thoughts recently; I’m 48.
I max 401k, Spouse IRA, H.S.A and ROTH IRA then I add more to a taxable Vanguard account. I would like to ‘retire early’ but having all that money locked up in retirement only accounts limits me to at least 59 1/2. So, I want to be sure all my 59 1/2 money grows to something substantial; yet, to meet my goal I need to increase my taxable account savings.
I’ve come to the conclusion from this forum that I can continue most of my savings in retirement accounts for a few more years for the tax benefit - but I can skip my roth and push that money into my taxable account. So here is what annual savings looks like right now:
401k: 6,000/yr Matching
this puts me at 30k that I can deduct from my income creating my AGI and I can stop payment on my ROTH and increase my payments to my Taxable… meaning my taxable can be 17,000-23,000/yr which will allow me to retire a few more years before 59 1/2.
If my tax bracket was 15% or lower - I would even reduce more of my pre-tax savings and put it into taxable… Or if my retirement accounts (combined) were over 800k - 1M then I would consider dropping all pre-tax investments except the 401k minimum to get matching… and put everything I can into my taxable.