I would love your thoughts on my portfolio and the associated questions below. I tried to keep this brief/simplified. As always, thank you.
I did post before last year and appreciate all the comments. I did try to clean up my data to make it more helpful this time.
Emergency funds: Yes - checking 50k
Debt: none , house and cars paid
Tax Filing Status: Married , kids grown and mostly independent
Tax Rate: Federal 37% , State 3%
Age: 56 him, 56 her
Approximate size of liquid total portfolio: $9.3 mil
Asset allocation: 75 stock/2 reit/11 bond/12 cash
Rental property: paid for, cash flow positive 50k per year (not included in the portfolio)
Current assets and contributions – I have multiple funds, I thought totals and percentages may be more helpful. Many of my taxable funds are legacy with high total capital gains
Taxable 4.7m (51% of total) - with the following breakdown
Bond 14% - 658k (muni funds)
Cash 8% - 376k (mm funds)
REIT 4% - 188k
Equity 75% - 3.5m
Roth 1.1m (12% of total) - with the following breakdown
Equity 97% -1m
REIT 1% - 8k
Bond 2% - 18k
IRA 3.4m (36% of total) - with the following breakdown
Bond 12% - 408k
Cash 18% - 612k
REIT 1% - 50k
Equities (69%) – 2.3m
No Pension
I am anticipating retirement in an all in spend rate of 180k, we can likely spend more , but I really have no need to at this time.
Questions
1.General thoughts on portfolio? Especially in regards to simplification. (many of the taxable funds have large gains, I am hesitant to simplify those at the expense of generating additional taxes, I am already in a high tax bracket now)
2.Any changes to make now or after retirement? Especially in regards to tax management.
3.I feel like I am cash and bond heavy, but it adds up to a total of 23% of the portfolio. Do I need to keep that much in safe assets? (10 years of spending)
I did post before last year and appreciate all the comments. I did try to clean up my data to make it more helpful this time.
Emergency funds: Yes - checking 50k
Debt: none , house and cars paid
Tax Filing Status: Married , kids grown and mostly independent
Tax Rate: Federal 37% , State 3%
Age: 56 him, 56 her
Approximate size of liquid total portfolio: $9.3 mil
Asset allocation: 75 stock/2 reit/11 bond/12 cash
Rental property: paid for, cash flow positive 50k per year (not included in the portfolio)
Current assets and contributions – I have multiple funds, I thought totals and percentages may be more helpful. Many of my taxable funds are legacy with high total capital gains
Taxable 4.7m (51% of total) - with the following breakdown
Bond 14% - 658k (muni funds)
Cash 8% - 376k (mm funds)
REIT 4% - 188k
Equity 75% - 3.5m
Roth 1.1m (12% of total) - with the following breakdown
Equity 97% -1m
REIT 1% - 8k
Bond 2% - 18k
IRA 3.4m (36% of total) - with the following breakdown
Bond 12% - 408k
Cash 18% - 612k
REIT 1% - 50k
Equities (69%) – 2.3m
No Pension
I am anticipating retirement in an all in spend rate of 180k, we can likely spend more , but I really have no need to at this time.
Questions
1.General thoughts on portfolio? Especially in regards to simplification. (many of the taxable funds have large gains, I am hesitant to simplify those at the expense of generating additional taxes, I am already in a high tax bracket now)
2.Any changes to make now or after retirement? Especially in regards to tax management.
3.I feel like I am cash and bond heavy, but it adds up to a total of 23% of the portfolio. Do I need to keep that much in safe assets? (10 years of spending)
Statistics: Posted by James.534 — Tue Jul 30, 2024 7:29 pm — Replies 2 — Views 371