Hi everyone,
I saw on the sub a few weeks back maybe about the compound interest inflection point. I did not know this term and then looked it up and realized that this pretty much applies to me. I am mid 40s, have 1.4m in my 401k, and on a good year am making upwards of 100-150k in returns per year. Which is way higher than my allowed $23.5k or whatever max contribution limit.
Right now I am at about a 21k annual contribution target but is it more beneficial to pull that back to alot less, given my investments are doing the hard work for me now? (I wouod obviously not go less than my 5% employer match)
What are people’s thoughts? Advice?