I'll expand a bit. I'm young and work in technology research. I absolutely love what I do and don't plan to retire. Granted, that may change in the next 40 years, but in all likelihood I'll aim for a faculty position at a university. Currently I'm working in a sort of hybrid corporate-academic research environment.
So, do you have suggestions on what to do if a person doesn't actually want to retire? I've seen common advice between choosing a Traditional vs Roth 401(k) is to pick a Roth if I'd expect my tax bracket to go up in retirement. If I didn't actually retire, I'm assuming this would be the case. So would a Roth 401(k) and a Roth IRA be good to do? Does anything actually change significantly if one doesn't have plans to retire? If I'm still earning income into my late 60s and into my 70s (assuming of course I live that long and am able to continue working) I wouldn't be relying on a 401(k) or IRA account for my income. I get the compound interest advantage, but is anything significantly different than a normal investment account (besides the tax-advantaged position of not paying interest on dividends in the Roth)?
Would the standard "save 15%" suggestion apply, since I'm not looking to rely on those savings later in life?
Submitted July 30, 2017 at 06:56PM by that-guy8372395 http://ift.tt/2tPu7xT
