Emergency funds: No but keep a month of two of expenses in checking
Debt: $200K on a 15 year mortgage at 2.75%
Tax Filing Status: MFJ
Tax Rate: 37% Federal, 5% State
State of Residence: IL
Age: Him 49, Her 43, Kids 12 and 9
Income: $900k-$1M
Annual Spend: $250-300K
Desired Asset allocation: 70% stocks / 30% bonds
Desired International allocation: Unsure
Please provide an approximate size of your total portfolio: $7M. Plus DW owns shares in a family company worth about $1.5M. These are not likely to appreciate much but pay an annual dividend of about 3%
Current retirement assets
Taxable
10% VMRXX
38% VTSAX (.04% ER)
1% VGT Vanguard IT (0.1%)
2% BRK.B
1% MSFT (These two stocks DW has owned since she started working and we just never sold)
4.2% Company provided CD at 6%
Pension at $100-150K per year at 65
His 401k
14% FXAIX (0.02%) (20% of this is Roth money)
7% Vanguard Total Bond (no ticker, ER .03%)
5% Fidelity Blue Chip Growth FBGKX (0.7%)
$50K per year match roughly
His Roth IRA at Fidelity
0.5% Fidelity Total Market Advantage Class FSKAX (.02%)
0.5% Fidelity Select Software and IT (FBGRX) (.78%)
Her Solo 401K
4% Fidelity Total Bond Advantage class (FXNAX) (.02%)
3% Fidelity OTC Portfolio (FOCPX) (0.8%)
2.5% Dodge and Cox International (DODFX) (0.62%)
Her Roth IRA at Fidelity
2.4% Fidelity Total Market Advantage Class FSKAX (.02%)
3.3% 529 Vanguard stock for older child
1.9% 529 Vanguard stock for younger one
_______________________________________________________________
Contributions
New annual Contributions
$23K for him plus catch up starting next year to his Roth 401k. Company matches $50k in regular pre-tax. Plan does not allow excess contributions or mega backdoor
$30-50K for her depending on annual business income. No match
$7K his Roth IRA
$7K her IRA/Roth IRA
$300K taxable
$10K to each 529
Annual spend $300K
Available funds in his 401K
Name/Inception DateGross Expense Ratio**
FID BLUE CHIP GR K6 (FBCGX)05/25/2017
0.45%
FID GROWTH CO K6 (FGKFX)06/13/2019
0.45%
VANG CAP OPPS ADM (VHCAX)08/14/1995
0.36%
SP 500 INDEX PL CL E06/30/2017
0.01%
VANG PRIMECAP CORE (VPCCX)12/09/2004
0.46%
DODGE & COX STOCK X (DOXGX)01/04/1965
0.46%
TRP NEW HORIZONS I (PRJIX)06/03/1960
0.66%
US SMID EQ PORTFOLIO01/05/2021
0.65%
BLACKROCK R2500 IDX01/05/2021
0.02%
AF NEW PERSPECT R6 (RNPGX)03/13/1973
0.42%
AF EUROPAC GROWTH R6 (RERGX)04/16/1984
0.47%
FID DIV INTL PL CL O12/13/2013
0.46%
VG IS TL INTL STK MK04/12/2019
0.055%
FID REAL ESTATE IDX (FSRNX)09/08/2011
0.07%
VANGUARD TARGET 202006/03/2022
0.0425%
VANGUARD TARGET 202506/03/2022
0.0425%
VANGUARD TARGET 203006/03/2022
0.0425%
VANGUARD TARGET 203506/03/2022
0.0425%
VANGUARD TARGET 204006/03/2022
0.0425%
VANGUARD TARGET 204506/03/2022
0.0425%
VANGUARD TARGET 205006/03/2022
0.0425%
VANGUARD TARGET 205506/03/2022
0.0425%
VANGUARD TARGET 206006/03/2022
0.0425%
VANGUARD TARGET 206506/03/2022
0.0425%
VANGUARD TARGET INC06/03/2022
0.0425%
PIM TOTAL RT INST (PTTRX)05/11/1987
0.51%
VANG INFL PROT INST (VIPIX)06/29/2000
0.07%
VANG INST TOT BD MKT04/12/2019
0.022%
JPM HIGH YIELD R6 (JHYUX)11/13/1998
0.6%
MIP II CL 304/20/1993 7 day yield as of09/30/2024 2.52%
0.24%
Questions:
1. Should DW continue contributing to her Solo 401K? Our pre-tax feels high and I wonder if continuing to put money there is helpful. Alternatively, should she move to Schwab and open a Roth 401K?
2. Should we continue funding 529s?
3. Bonds just confuse me. Am I holding the right kinds of bonds? Lots of discussion on the boards around bonds vs. funds. If funds, are these the right ones?
4. Anything I can do to be more tax efficient now? Hoping to retire early and do some conversions eventually. If we stop contributing to DW Solo 401K – should we close it out and convert it now?
5. Can I retire in 5 years?
6. How much international should I target and what fund(s)?
Debt: $200K on a 15 year mortgage at 2.75%
Tax Filing Status: MFJ
Tax Rate: 37% Federal, 5% State
State of Residence: IL
Age: Him 49, Her 43, Kids 12 and 9
Income: $900k-$1M
Annual Spend: $250-300K
Desired Asset allocation: 70% stocks / 30% bonds
Desired International allocation: Unsure
Please provide an approximate size of your total portfolio: $7M. Plus DW owns shares in a family company worth about $1.5M. These are not likely to appreciate much but pay an annual dividend of about 3%
Current retirement assets
Taxable
10% VMRXX
38% VTSAX (.04% ER)
1% VGT Vanguard IT (0.1%)
2% BRK.B
1% MSFT (These two stocks DW has owned since she started working and we just never sold)
4.2% Company provided CD at 6%
Pension at $100-150K per year at 65
His 401k
14% FXAIX (0.02%) (20% of this is Roth money)
7% Vanguard Total Bond (no ticker, ER .03%)
5% Fidelity Blue Chip Growth FBGKX (0.7%)
$50K per year match roughly
His Roth IRA at Fidelity
0.5% Fidelity Total Market Advantage Class FSKAX (.02%)
0.5% Fidelity Select Software and IT (FBGRX) (.78%)
Her Solo 401K
4% Fidelity Total Bond Advantage class (FXNAX) (.02%)
3% Fidelity OTC Portfolio (FOCPX) (0.8%)
2.5% Dodge and Cox International (DODFX) (0.62%)
Her Roth IRA at Fidelity
2.4% Fidelity Total Market Advantage Class FSKAX (.02%)
3.3% 529 Vanguard stock for older child
1.9% 529 Vanguard stock for younger one
_______________________________________________________________
Contributions
New annual Contributions
$23K for him plus catch up starting next year to his Roth 401k. Company matches $50k in regular pre-tax. Plan does not allow excess contributions or mega backdoor
$30-50K for her depending on annual business income. No match
$7K his Roth IRA
$7K her IRA/Roth IRA
$300K taxable
$10K to each 529
Annual spend $300K
Available funds in his 401K
Name/Inception DateGross Expense Ratio**
FID BLUE CHIP GR K6 (FBCGX)05/25/2017
0.45%
FID GROWTH CO K6 (FGKFX)06/13/2019
0.45%
VANG CAP OPPS ADM (VHCAX)08/14/1995
0.36%
SP 500 INDEX PL CL E06/30/2017
0.01%
VANG PRIMECAP CORE (VPCCX)12/09/2004
0.46%
DODGE & COX STOCK X (DOXGX)01/04/1965
0.46%
TRP NEW HORIZONS I (PRJIX)06/03/1960
0.66%
US SMID EQ PORTFOLIO01/05/2021
0.65%
BLACKROCK R2500 IDX01/05/2021
0.02%
AF NEW PERSPECT R6 (RNPGX)03/13/1973
0.42%
AF EUROPAC GROWTH R6 (RERGX)04/16/1984
0.47%
FID DIV INTL PL CL O12/13/2013
0.46%
VG IS TL INTL STK MK04/12/2019
0.055%
FID REAL ESTATE IDX (FSRNX)09/08/2011
0.07%
VANGUARD TARGET 202006/03/2022
0.0425%
VANGUARD TARGET 202506/03/2022
0.0425%
VANGUARD TARGET 203006/03/2022
0.0425%
VANGUARD TARGET 203506/03/2022
0.0425%
VANGUARD TARGET 204006/03/2022
0.0425%
VANGUARD TARGET 204506/03/2022
0.0425%
VANGUARD TARGET 205006/03/2022
0.0425%
VANGUARD TARGET 205506/03/2022
0.0425%
VANGUARD TARGET 206006/03/2022
0.0425%
VANGUARD TARGET 206506/03/2022
0.0425%
VANGUARD TARGET INC06/03/2022
0.0425%
PIM TOTAL RT INST (PTTRX)05/11/1987
0.51%
VANG INFL PROT INST (VIPIX)06/29/2000
0.07%
VANG INST TOT BD MKT04/12/2019
0.022%
JPM HIGH YIELD R6 (JHYUX)11/13/1998
0.6%
MIP II CL 304/20/1993 7 day yield as of09/30/2024 2.52%
0.24%
Questions:
1. Should DW continue contributing to her Solo 401K? Our pre-tax feels high and I wonder if continuing to put money there is helpful. Alternatively, should she move to Schwab and open a Roth 401K?
2. Should we continue funding 529s?
3. Bonds just confuse me. Am I holding the right kinds of bonds? Lots of discussion on the boards around bonds vs. funds. If funds, are these the right ones?
4. Anything I can do to be more tax efficient now? Hoping to retire early and do some conversions eventually. If we stop contributing to DW Solo 401K – should we close it out and convert it now?
5. Can I retire in 5 years?
6. How much international should I target and what fund(s)?
Statistics: Posted by smartspider1106 — Tue Oct 22, 2024 7:10 pm — Replies 0 — Views 114