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There is no match on either catch up contribution and yes, my expected retirement tax bracket will be lower (assuming Washington doesn't change the rules).

I recently paid off my mortage and was planning on increasing my wife's and mine contribution to our retirement plans to the maximum $22,500 (we are 55). My financial planner suggested a combination of catch up contributions and Roth IRA (we do qualify with our AGI). Your thoughts?

Mike

My wife & I are 55 years old w/ a gross income of $175k and plan on working till age 62. We have a $600k portfolio (70/30 stocks vs bonds) that we each contribute 15% to that is matched by our employers and are on target to meet our financial goals for retirement. We just sold our home and are ...

My wife & I are 55 years old w/ a gross income of $175k and plan on working till age 62. We have a $600k portfolio (70/30 stocks vs bonds) that we each contribute 15% to that is matched by our employers and are on target to meet our financial goals for retirement. We just sold our home and are d...