As my wife and I are approximately 5 years from retiring (I am a real estate agent) we are trying to figure out how we could generate approximately 12k/mo including approx $4k/mo from Social Security.
Our investment accounts are kind of a mess! with some stupidly uninvested cash that has been sitting in various accounts instead of having taken advantage of the market. So I would really appreciate a review of my accounts/situation and some suggestions to accomplish our goal.
Thank you in advance.
Emergency funds: I have at least 1 year if not more of emergency funds
Debt: 195k mortgage
Tax Filing Status: Married Filing Jointly
No children at charge (they are working adults)
Tax Rate: xx% Federal, xx% State
State of Residence: California
Age: 65 + wife 56
Desired Asset allocation: 65% stocks / 35% bonds NOT SURE... It seems like bonds although safe and probably recommended at our age, yet they are low return.
Desired International allocation: 20% of stocks
Please provide an approximate size of your total portfolio:
790k invested in various individual stocks mutual funds and ETFs with no rime or reason and spread over 1 trad IRA accnt for me, 1 trad IRA accnt for my wife, 1 Roth IRA accnt for me, 1 taxable investment account for me, 1 SEP IRA account.
I have cash that has been sitting in IRA accounts for years and NOT invested, dumb me... I just procrastinated and missed out on a lot of gains...
His Taxable Account
Stocks
AMD0.31%
AMZN69.85%
FDX0.46%
HII0.22%
IBM0.78%
KD0.02%
MRK0.55%
NOK0.04%
OGN0.01%
ORCL1.47%
PFE0.25%
PRU0.21%
QSEP0.41%
RIOCF0.48%
TSLA2.22%
UNM0.53%
VTRS0.01%
ETFs
HYG0.58%
MINT0.41%
Mutual Funds
AISZX0.12%
APDQX0.46%
BFMSX1.95%
GGOIX0.35%
HLMIX3.78%
JCAPX2.07%
JEMSX1.44%
MADVX3.12%
NINLX0.38%
PAUAX0.87%
PTTPX3.81%
Cash:
17k
His Traditional IRA
20.6k cash
His Roth IRA
Stocks
NVDA3.86%
QCOM14.06%
ETFs
AVGE4.47%
AEPFX12.18%
APDQX1.24%
BFMSX1.59%
BHYIX1.03%
BSFIX0.48%
DNVYX10.77%
EVUAX5.19%
IYMIX1.19%
JCAPX6.18%
JEMSX4.36%
PTSPX1.11%
RYPRX0.93%
TRIGX2.80%
TRREX4.82%
VALAX5.15%
WATFX7.30%
Cash 1.27%
His/business SEP IRA
PRMTX42.46%
UNWPX3.21%
Cash 54.33% ($35k)
Hers Traditional Trad IRA
$27.7 cash
Crypto
$8,600
Fundrise (REIT)
$31k
13mo Treasury Bond
10k
New annual Contributions
$8k his IRA/Roth IRA
$7k her IRA/Roth IRA
$20k taxable (for retirement, not short-term goals)
In addition to the above
Other checking and savings accounts: approx $580k (his & hers)
+ 200k sitting in a foreign bank account from an inheritance to be wire back to the US next year.
Our investment accounts are kind of a mess! with some stupidly uninvested cash that has been sitting in various accounts instead of having taken advantage of the market. So I would really appreciate a review of my accounts/situation and some suggestions to accomplish our goal.
Thank you in advance.
Emergency funds: I have at least 1 year if not more of emergency funds
Debt: 195k mortgage
Tax Filing Status: Married Filing Jointly
No children at charge (they are working adults)
Tax Rate: xx% Federal, xx% State
State of Residence: California
Age: 65 + wife 56
Desired Asset allocation: 65% stocks / 35% bonds NOT SURE... It seems like bonds although safe and probably recommended at our age, yet they are low return.
Desired International allocation: 20% of stocks
Please provide an approximate size of your total portfolio:
790k invested in various individual stocks mutual funds and ETFs with no rime or reason and spread over 1 trad IRA accnt for me, 1 trad IRA accnt for my wife, 1 Roth IRA accnt for me, 1 taxable investment account for me, 1 SEP IRA account.
I have cash that has been sitting in IRA accounts for years and NOT invested, dumb me... I just procrastinated and missed out on a lot of gains...
His Taxable Account
Stocks
AMD0.31%
AMZN69.85%
FDX0.46%
HII0.22%
IBM0.78%
KD0.02%
MRK0.55%
NOK0.04%
OGN0.01%
ORCL1.47%
PFE0.25%
PRU0.21%
QSEP0.41%
RIOCF0.48%
TSLA2.22%
UNM0.53%
VTRS0.01%
ETFs
HYG0.58%
MINT0.41%
Mutual Funds
AISZX0.12%
APDQX0.46%
BFMSX1.95%
GGOIX0.35%
HLMIX3.78%
JCAPX2.07%
JEMSX1.44%
MADVX3.12%
NINLX0.38%
PAUAX0.87%
PTTPX3.81%
Cash:
17k
His Traditional IRA
20.6k cash
His Roth IRA
Stocks
NVDA3.86%
QCOM14.06%
ETFs
AVGE4.47%
AEPFX12.18%
APDQX1.24%
BFMSX1.59%
BHYIX1.03%
BSFIX0.48%
DNVYX10.77%
EVUAX5.19%
IYMIX1.19%
JCAPX6.18%
JEMSX4.36%
PTSPX1.11%
RYPRX0.93%
TRIGX2.80%
TRREX4.82%
VALAX5.15%
WATFX7.30%
Cash 1.27%
His/business SEP IRA
PRMTX42.46%
UNWPX3.21%
Cash 54.33% ($35k)
Hers Traditional Trad IRA
$27.7 cash
Crypto
$8,600
Fundrise (REIT)
$31k
13mo Treasury Bond
10k
New annual Contributions
$8k his IRA/Roth IRA
$7k her IRA/Roth IRA
$20k taxable (for retirement, not short-term goals)
In addition to the above
Other checking and savings accounts: approx $580k (his & hers)
+ 200k sitting in a foreign bank account from an inheritance to be wire back to the US next year.
Statistics: Posted by MichelB — Sun Oct 20, 2024 10:21 pm — Replies 2 — Views 110