I am currently 50, my 401k has ~163k, currently deposit 360 per paycheck (2x month), Fidelity indicates that at 55, I will have ~350k, and recommends to increase my contribution to 480 per paycheck to get to 550k at 55.
My Roth, is ~3600 and contribute 180 per paycheck.
At this time, I cannot afford to increase either contribution.
I do expect to be working post 55 as I know I do not have enough in my 401k.
Should I follow Fidelity's recommendation to increase the 401k and lower the Roth contribution?
Submitted July 27, 2021 at 10:54AM by bandion1 https://ift.tt/3iLSyqw
