Hello, I am here to seek this community's feedback as far as retirement and financial planning advice.
I have two retirement accounts from my two previous jobs that I dont contribute to since I left these two jobs
A) TIAA-approximately have $140,000-departed in 2014, grew from $50,000 to 150,000 for last 10 years
B) TSP -approx-$240,000- recently departed
In my current employment, I have 401K with a 2% company automatic contribution and up to 4% once I match 4%, this is through fidelity, what would you recommend for us to invest here through Fidelity?
My spouse also has TSP-approx $200,000 is currently employed at the federal job-upto 5% match.
Please advise me how I should go forward with my TIAA and TSP accounts and what sort of investment we should do for my spouse's TSP -we plan to do for my spouse 60% C and 40% S funds, and keep my TSP in similar funds? any advice on this?
With my current employer-I get option to Roth and traditional IRA-What sort of % contributions should I do for my current employer.
We have a Vanguard Investment account-what is the best portfolio that we should select- We had initially for 3 years -, VTSAX, I was told I should change to VOO? advisable or what would you recommend. Not a lot in this account $50,000.
I have a Schwab account for stocks, not actively looking into it, worth 35k mainly apple and goodle, and cruise stocks.
We are late in the investment area. I had some other commitments, so a lot of my earnings went to paying off a commitment for the first 5-8 years from 2009 to 2017. Then, I started saving for a house downpayment—I have an SFH. I still owe $380K, and I have a low 2.5% 15-year payment (10 years remaining), equity of around $350k. I am really not financially savvy; we are both 45 years old and have two kids below 10. I have set up 529 plan for the 1st kid, I was discouraged from getting one for the second one by multiple people and yet some people advised to have one-so I am in dilemma there too.
We have emergency fund of 50k
Overall, I am looking forward to feedback regarding
1) how to go about with my previous two retirement funds
2) current employment strategy
3) spouse TSP strategy
4) vanguard portfolio advice
5) what is the best college retirement fund for the two kids, is it better to have a vanguard or similar fund/investment
6) should I continue to do 529 and add another one for second child?
Sincerely,
Thanks,
New2investment
I have two retirement accounts from my two previous jobs that I dont contribute to since I left these two jobs
A) TIAA-approximately have $140,000-departed in 2014, grew from $50,000 to 150,000 for last 10 years
B) TSP -approx-$240,000- recently departed
In my current employment, I have 401K with a 2% company automatic contribution and up to 4% once I match 4%, this is through fidelity, what would you recommend for us to invest here through Fidelity?
My spouse also has TSP-approx $200,000 is currently employed at the federal job-upto 5% match.
Please advise me how I should go forward with my TIAA and TSP accounts and what sort of investment we should do for my spouse's TSP -we plan to do for my spouse 60% C and 40% S funds, and keep my TSP in similar funds? any advice on this?
With my current employer-I get option to Roth and traditional IRA-What sort of % contributions should I do for my current employer.
We have a Vanguard Investment account-what is the best portfolio that we should select- We had initially for 3 years -, VTSAX, I was told I should change to VOO? advisable or what would you recommend. Not a lot in this account $50,000.
I have a Schwab account for stocks, not actively looking into it, worth 35k mainly apple and goodle, and cruise stocks.
We are late in the investment area. I had some other commitments, so a lot of my earnings went to paying off a commitment for the first 5-8 years from 2009 to 2017. Then, I started saving for a house downpayment—I have an SFH. I still owe $380K, and I have a low 2.5% 15-year payment (10 years remaining), equity of around $350k. I am really not financially savvy; we are both 45 years old and have two kids below 10. I have set up 529 plan for the 1st kid, I was discouraged from getting one for the second one by multiple people and yet some people advised to have one-so I am in dilemma there too.
We have emergency fund of 50k
Overall, I am looking forward to feedback regarding
1) how to go about with my previous two retirement funds
2) current employment strategy
3) spouse TSP strategy
4) vanguard portfolio advice
5) what is the best college retirement fund for the two kids, is it better to have a vanguard or similar fund/investment
6) should I continue to do 529 and add another one for second child?
Sincerely,
Thanks,
New2investment
Statistics: Posted by new2investingcm79 — Mon Oct 28, 2024 7:01 pm — Replies 2 — Views 254