Retirement plan:
*ROTHs (ideally fully funded for many years)
*Profit Sharing Plan from current employer (it's more like a 401k than a pension in the logistics, but is funded by employer)
*Taxable Investments (really the bulk for now, unless we are able to pick up a 401k plan, or 2).
*Pay off mortgage early (long gone for retirement)
Which kind of covers 3 corners of taxability. ROTHS withdrawn tax-free. Profit sharing is withdrawn as ordinary income. Taxable investments would be long-term capital gain rates, etc.
My retirement plan is really something in the ballpark of $5 million investments. I am only 30 so it is hard to pinpoint for now. But we have a roundabout goal.
ETA: We expect to inherit around $1 mil in real estate and we plan to downsize our large home in retirement as well (which for now we exchange for much in any other area of the country about). I didn't think of that stuff because we aren't relying on this for our retirement, but I imagine could likely make retirement easier/give us more flexibility. Certainly the backup plan. We lived in a condo before kids and would like to go to something smaller when they are grown.
I am also quite happy to work forever.
