I wanted to post @brash-raincoat-84042’s question to the main channel. How come in the path of the chart one does not start saving for simchas until they are maxing out their IRA and 401K? That means putting away upwards of 40/50k a year for retirement before beginning to save for simchas?

If I had to guess, people might help you make a wedding. No one is going to help pay for your retirement.

I find it hard to believe that @mysterious-tomato-10057 would design his flow chart on the assumption that you'll get help to pay for your own simchas.

You can always pull out the keren out of a Roth ira tax and penalty free, might be worth it to get the tax free gains while you can but if your desperate pull out keren for a simcha

What does maxing out 401k mean? If we're talking about maxing out the match, that's a guaranteed return that's too good to pass up.

My chart does not say to max out your 401k before saving for simchas...

@proud-waiter-61863 maxing out your 401k means contributing the maximum amount, which for 2023 is $22,500 (does not include employer contribution)

Thanks, that clarifies things a lot, although I think the chart could use some more clarifying language. Step 17 is phrased in a confusing way.

Can you give me some suggestions?

Maybe I first need to understand why step 17 is for large purchases such as cars but not for chasunas.

If you need a car, there really is no option out of it. If a family pushit can’t afford a chasuna, there are ways around that.