My husband and I are striving to "semi-retire" in about 10 years at the age of 40, where both of us will drop to working part time (20 hrs a week) until age 65.

We have a "rainy day" fund of about $28,000, and currently feel very secure with our 401(k) and Roth IRA savings plans, but we don't want to take the penalty that goes along with withdrawing these funds before age of 59-1/2 years old.

We are now trying to figure out the best place to save the money that we will need to live between age 40 and age 65. The options we have considered so far are a money market account, investing in index funds or a "safe" mix of mutual funds and stocks. What is the best way to save/grow our money?

Thank you for your advice!


Paddy Hirsch May 3, 2013 Senior Editor, Marketplace
Hey Marketplace Money Fans! While we wait for our experts to chime in on this question, share your thoughts in our comments section. What advice would you give to someone trying to "semi-retire" at the age of 40?