I’ve got a confession for all of you: I’m getting impatient! It was approximately 10 years ago that I first learned what a 401k was (I had never even heard of one before) and began my first steps towards saving for retirement.
Like many of you, I knew the path to create wealth would be lined with hard work, lots of saving, and choosing the right investments. I took the conventional financial advice and began with a modest 10% savings rate. It wasn’t until the last few years that I’ve tried to accelerate my results by bumping my savings rate to extremely high amounts.
So is it any wonder that when I look at my 401k balance and see how long I have to go that I feel I’m playing a rigged game? Sure if I stay the course I might have a decent nest egg in 20 to 30 years? But what about NOW? What if I’d like to experience financial freedom sooner rather than later? Isn’t there a better way to build your wealth beyond simply saving for the next +30 years?
This may be financial planning treason, but I’m going to suggest it anyways. We’re considering cutting back on the contributions to our 403b plan in favor of using the money to buy more high paying dividend stocks. Why would this move be controversial? Because it would mean contributing less money to a tax sheltered account and diverting it to one where we would pay taxes. Why in the world would I want to do that?
I was very pleased with the level of interest and positive reaction I received for my previous post on how I plan to retire early in 
I hope everyone had a great time on Halloween! Ours went pretty well. The kids scaled the neighborhood in about 30 minutes, which was perfect for Mrs MMD since she was freezing her tail off walking them around. The 
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