I always enjoy how honest and “real” Fritz’s posts are and none are better than his lived experiences in retirement. So many people discuss how to invest for retirement – amounts to save, where to put it, and how to prepare for the eventual drawdown.
Few discuss the day to day aspects in a way that’s relatable to others – Fritz does this well.
The post I’m sharing today caught my eye because it discusses a financial aspect of retirement that I, in my mid-forties, also am putting off thinking about. 😂
My Biggest Surprise in Retirement [The Retirement Manifesto] – “I’m fortunate to have saved aggressively in my company’s 401(k) since I started my career at Age 22.
It’s what allowed me to retire at Age 55.
And yet, like many folks my age, those savings were predominantly in “Before-Tax” accounts in my company’s 401(k) plan. Sure, I got the tax break while working, and I felt like a genius. Besides, we didn’t have the option of investing in a Roth, so the decision was easy.
I knew those taxes would come due when I “got old,” but I’d worry about that later.
Later has arrived. “