🔺 r/personalfinanceuNarezza·72 days ago
When to stop funding 401k
My wife and I are 49 and have a NW of about $2.5m. We have no debt other than a $120k mortgage that will be paid off in 7 more years. My wife does not work, and I have a 4% match at my job and have been maxing out my 401k and our individual Roths for many years. We have some middle school aged kids that were saving for college for and each has about $80k with 8-10 years left to go. The interest we’re earning year over year is significantly greater than what I can fund with my $25k plus employer contribution, and while future returns aren’t guaranteed, it seems somewhat unnecessary to contribute at all. Is there anything I’m not thinking about correctly? *Edit - Thanks for all the replies. I’m going through all of them. I apologize for not having a more thorough breakdown of investments and spending. It seems I’ll probably just continue to keep maxing out my Roths and 401ks and investing in some brokerage accounts and 529s for a little while longer, although the option to pull back to company match is a good choice if necessary. Thanks again. submitted by /u/Narezza to r/personalfinance [link] [comments]