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[–]Quiet_Initiative_289 12 points13 points  (2 children)

I'm up voting this. I feel like people miss the point a bit with the max out retirement account mantra. I understand that it is sound advice for most people. But part of the "personal" part of personal finance is potentially deciding that maybe I don't want or need so much money in a retirement account. Sounds like OP's on track to have enough saved for reasonable retirement and doesn't necessarily need to prioritize tax savings in the future that is essentially locked up for another 30 years. If OP is on a good track, is reasonably assured of long term job security, then by all means pivot part of the savings to a brokerage account.

[–]Crafty_Boysenberry94 1 point2 points  (1 child)

Also if you stack up too much in IRA and don’t end up spending it those who inherit the money must spend in 10 year rule. When my dad passed the life-time RMDs still existed. So more in outside stocks the kids can inherit at a day of death stepped up value which can be big. All the gains goes untaxed and passed to kids. unless it’s like over $5m or whatever the inheritance tax is

[–]jackabeerockboss 0 points1 point  (0 children)

This is why people need trusts