We do have a question coming out from Kelly next. It says we are on track to be liquid millionaires in one year at ages 38 and 37, which is super exciting.

Congrats. Can we reduce our retirement savings down to 20% so not maxing out our 401k's and save 2% into 529s.

So reduced to 20% in order to save to 529.

Yes, and that would be not maxing out the 401ks.

Well, so here's the answer, Kelly.

It depends.

I don't know.

Here's the thing you have to first of all that when she says

liquid millionaire that's an ex super exciting that is exciting not only just

all when you do your net worth statement at the year do you have a million

bucks but inside of the liquid investments that you have, all the investment

accounts, your cash accounts, emergency reserves, when you add all that up, it's over a million dollars,

it's in seven-figure land.

That is awesome.

Now, your question is, now that I've hit that milestone can I back down my savings

Well it depends you don't know where you are unless you have a clear view of what the finish line is.

So the question that I would turn back to you is,

have you and your spouse done the know your number course?

Do you know what it is you're working towards?

Because if you know that your goal is three million dollars for

financial independence and here at 38 and 37 you are at one million dollars if you

start saving 20% between now and your financial independence date, will you still be on track to be able to hit your number or is that going to put you behind?

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