On 02/03/2016 12:46 PM, DerbyDad03 wrote:




A little bit of each, when I was working I put the maximum amount
allowable in my 401k. so counting my company's contribution and
interest, though it is not huge fortune, at least I do have a bit of it
saved.

All those years I scrimped and saved (and stayed put) while I watched my
co-workers continually grow dissatisfied with the "bigger and better"
houses they kept buying.


Since my actual savings account pays something like 0.02% interest, no
real need to keep much money there other than enough to pay off my
monthly bills.

If the money for the roof and other repairs are still in the 401(k)/IRA,
you might want to look at the tax advantages of taking a little bit out
each year to limit your tax exposure. If you are near the top of a tax
bracket each year you may pay more tax on that "lump sum" distribution if
you take it out all in one year.

You can always reinvest it outside of the qualified account if you still want
to try for some growth.




I'm not in any high tax bracket as my wife and I are both on Social
Security, I'm only pulling a small amount out of my 401k


I have enough in there that if I need to withdraw $10k or so, it won't
make much of an impact .