Re: Stop investing in tax sheltered accounts?
With standard IRA/401(k) accounts, all you are doing is basically deferring taxes to some later point in your life. Your best decision is all based on your earnings and tax rates now versus in retirement. I am planning on being filthy rich when I am 60+ and assuming my tax rates are lower now than in retirement, so I am not taking advantage of these types of accounts (plus I get no 401k match at work and am electing to put money in standard taxable accounts so I can retire before 60 when retirement accounts can be tapped. Of course, if you are getting a 401(k) match at work, you'd be an idiot not to take advantage of that.
With Roth IRAs, you never pay tax on earnings and I would take advantage of these to the full extent allowable.
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