Should You Stop Maxing Out Your 401(k) in Your 50s? High Income Retirement Strategy Explained

Should You Stop Maxing Out Your 401(k) in Your 50s? High Income Retirement Strategy Explained

Should you stop maxing out your 401(k) in your 50s if you’re a high income earner? That’s exactly what one Mississippi man asked on the Money Matters podcast — and the answer may surprise you. In this clip, Scott and Pat break down a real-life scenario: -$740,000 annual household income -Nearly $2 million in investments -401(k)s, IRAs, Roth IRA, brokerage accounts -No pension -Planning for retirement in 7–10 years Scott and Pat discuss when it makes sense to continue maxing out your 401(k), when you might consider shifting to a brokerage account, how tax brackets impact retirement planning, and why asset location (not just asset allocation) can dramatically affect your long-term results. LISTEN TO THE FULL EPISODE HERE:    • Smart Tax Diversification & Roth Conversions   🔔 Don't forget to like, comment, and subscribe for more practical financial advice! Join Money Matters: Get your most pressing financial questions answered by Allworth's founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. You can also be on the air by emailing Scott and Pat at [email protected]. Join the Show! https://allworthfinancial.com/talk-to... Website: https://moneymatters.com/ Apple Podcast: FOLLOW https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/0eLjd3j... #401k #RetirementPlanning #HighIncomeEarners #FinancialPlanning