Hopefully, I get this right - first time poster, and short-time member, but excited to join the community!
DETAILS:
Emergency funds: Six months
Debt: Mortgage Only - 3.5% ~$300K remaining
Tax Filing Status: Head of Household
Tax Rate: 26% Federal, 0% State
Age: 46
Desired Asset allocation: 90% stocks / 10% bonds
Desired International allocation: 40% of stocks
Approximate size of your total portfolio: NW: $1.2M, Current Retirement Portfolio: $541K
CURRENT RETIREMENT ASSETS:
Taxable
29% - $157,000 cash - HYSA @ 5%, ready to invest
401k at Vanguard
6.98% - $37,800 - 100% in Vanguard Target Retire 2045
Roth IRA at Vanguard
1.42% - $7,600 - 100% in Vanguard Target Retire 2045
Rollover IRA at Fidelity
62.61% - $339,000 - ready to reallocate
TARGET ANNUAL CONTRIBUTIONS:
New annual Contributions
$23,000 401k
$11,500 401k employer match
$34,500 Mega Backdoor Roth IRA
$33,000 Taxable (for retirement, not short term goals)
Available funds in 401(k) and Roth:
EARNEST Partners Smid Cap Core Founders
Fidelity Divers Intl Commingled Pl A
Growth Option
Income Option
InflationProtectionOption
Nuveen Large Cap Responsible Eq R6
Parnassus US Large Cap
TCW MetWest Total Return Bond C
Vanguard Developed Mkts Idx Trust
Vanguard Em Markets Inx Inst Plus
Vanguard Federal Money Mkt Fund
Vanguard Inst Tot Bd Mkt Ix Tr
Vanguard Instl Ext Market Idx Tr
Vanguard Instl 500 Index Trust
Vanguard Real Estate Index Institl
Vanguard Retire Savings Trust II
Vanguard Target Retire Income Tr
Vanguard Target Retire 2020 Tr
Vanguard Target Retire 2025 Tr
Vanguard Target Retire 2030 Tr
Vanguard Target Retire 2035 Tr
Vanguard Target Retire 2040 Tr
Vanguard Target Retire 2045 Tr
Vanguard Target Retire 2050 Tr
Vanguard Target Retire 2055 Tr
Vanguard Target Retire 2060 Tr
Vanguard Target Retire 2065 Tr
Vanguard Tgt Ret Inc & Grow Tr
Vanguard Tgt Retire 2070 Trust
Vanguard Tot Intl Bond Ix Institl
Vanguard Wellesley Income Fund Adm
QUESTIONS:
I recently left Edward Jones after realizing I needed to be doing this myself and I was getting fleeced. I wish I had found this site years ago. I am also late to the party, having been wiped out by divorce and not focused on my retirement. I feel like I am playing major catch up and want to do it the RIGHT way. Nevertheless, onward and upward!
I need to rebalance all of my accounts. Being in my mid-40s, I feel like I should be in a mix of 60% Domestic, 30% International, and 10% Bonds…perhaps even moving to 60/35/5.I think I leave the 401K and Roth as is, in the 2045 Target fund (0.034% expense ratio) and then match my allocation in the roll-over IRA and investment account (at Fidelity) into: 60% Vanguard Total Stock Market Index Fund ETF (VTI), 35% Vanguard Total International Stock Index Fund ETF (VXUS), and 5% in Vanguard Total World Bond ETF (BNDW). Does this seem right?
Is my contribution mix correct, in other words, should I be contributing 30% to the 401k, 30% to the Roth, and 30% to my post-tax investment account?
For general savings and emergency funds, should I just park this money in Fidelity Government Money Market Fund (SPAXX) or an HYSA? Other suggestions?
Appreciate all of you and your valuable advice!
DETAILS:
Emergency funds: Six months
Debt: Mortgage Only - 3.5% ~$300K remaining
Tax Filing Status: Head of Household
Tax Rate: 26% Federal, 0% State
Age: 46
Desired Asset allocation: 90% stocks / 10% bonds
Desired International allocation: 40% of stocks
Approximate size of your total portfolio: NW: $1.2M, Current Retirement Portfolio: $541K
CURRENT RETIREMENT ASSETS:
Taxable
29% - $157,000 cash - HYSA @ 5%, ready to invest
401k at Vanguard
6.98% - $37,800 - 100% in Vanguard Target Retire 2045
Roth IRA at Vanguard
1.42% - $7,600 - 100% in Vanguard Target Retire 2045
Rollover IRA at Fidelity
62.61% - $339,000 - ready to reallocate
TARGET ANNUAL CONTRIBUTIONS:
New annual Contributions
$23,000 401k
$11,500 401k employer match
$34,500 Mega Backdoor Roth IRA
$33,000 Taxable (for retirement, not short term goals)
Available funds in 401(k) and Roth:
EARNEST Partners Smid Cap Core Founders
Fidelity Divers Intl Commingled Pl A
Growth Option
Income Option
InflationProtectionOption
Nuveen Large Cap Responsible Eq R6
Parnassus US Large Cap
TCW MetWest Total Return Bond C
Vanguard Developed Mkts Idx Trust
Vanguard Em Markets Inx Inst Plus
Vanguard Federal Money Mkt Fund
Vanguard Inst Tot Bd Mkt Ix Tr
Vanguard Instl Ext Market Idx Tr
Vanguard Instl 500 Index Trust
Vanguard Real Estate Index Institl
Vanguard Retire Savings Trust II
Vanguard Target Retire Income Tr
Vanguard Target Retire 2020 Tr
Vanguard Target Retire 2025 Tr
Vanguard Target Retire 2030 Tr
Vanguard Target Retire 2035 Tr
Vanguard Target Retire 2040 Tr
Vanguard Target Retire 2045 Tr
Vanguard Target Retire 2050 Tr
Vanguard Target Retire 2055 Tr
Vanguard Target Retire 2060 Tr
Vanguard Target Retire 2065 Tr
Vanguard Tgt Ret Inc & Grow Tr
Vanguard Tgt Retire 2070 Trust
Vanguard Tot Intl Bond Ix Institl
Vanguard Wellesley Income Fund Adm
QUESTIONS:
I recently left Edward Jones after realizing I needed to be doing this myself and I was getting fleeced. I wish I had found this site years ago. I am also late to the party, having been wiped out by divorce and not focused on my retirement. I feel like I am playing major catch up and want to do it the RIGHT way. Nevertheless, onward and upward!
I need to rebalance all of my accounts. Being in my mid-40s, I feel like I should be in a mix of 60% Domestic, 30% International, and 10% Bonds…perhaps even moving to 60/35/5.I think I leave the 401K and Roth as is, in the 2045 Target fund (0.034% expense ratio) and then match my allocation in the roll-over IRA and investment account (at Fidelity) into: 60% Vanguard Total Stock Market Index Fund ETF (VTI), 35% Vanguard Total International Stock Index Fund ETF (VXUS), and 5% in Vanguard Total World Bond ETF (BNDW). Does this seem right?
Is my contribution mix correct, in other words, should I be contributing 30% to the 401k, 30% to the Roth, and 30% to my post-tax investment account?
For general savings and emergency funds, should I just park this money in Fidelity Government Money Market Fund (SPAXX) or an HYSA? Other suggestions?
Appreciate all of you and your valuable advice!
Statistics: Posted by RippleHead — Tue Aug 06, 2024 8:05 pm