Planning ahead

[ken-do-nim]

(08-13-2022, 03:03 PM)ken-do-nim Wrote: Hi all,

At some point, my child support payments will end.  Could be as little as 3 years, could be as much as 6.  When that does happen, I see these possibilities:

1. Max out my 401k
   
2. Build up my taxable account
   
3. Build up my taxable account to a certain point (maybe $500k?), then switch to maxing out the 401k.
   
4. Do both; split the proceeds and increase my 401k savings, as well as increase my taxable account input.
   

Your thoughts?

I've been child support free now for 1 month.  Ah, this post did not age well.  As if the money that had been allocated for child support would somehow, magically, be available?  Silly me!  No, it just got converted to doggy day care, uber rides, the increased food bill, and other payments.