I posted this on reddit.com/r/bogleheads, but got very little in the way of input.
I'm working through everything post-move from Edward Jones to Schwab, and trying to figure out the best way to sort things out. My accounts are currently a mess, nothing is really balanced, etc...
Here's how I'm considering laying out my current holdings.
Taxable: 121k equity / 0k bonds (+75k in SNSXX)
Roth1/2 (combined): 20.5k equity / 58k bonds
401k: 50k equity / 7.5k bonds (investment choices limited, best is 2055 target fund @ 87/13) // about half/half Roth and Traditional contributions
Back of the napkin math says this puts me around 75/25 overall. At 40 I don't know that I feel comfortable being more aggressive than that, though I haven't worked out what to do with the 25% yet, as I haven't really dug into the details on bond investing.
The cash in SNSXX is being ignored in my overall math, as that's earmarked for a down payment on a house that I see as likely in a couple months, and is also my primary emergency fund at the moment. That being said, I'm going to sell off some investments after the first of the year (tax implications...), which means I may borrow some from this fund in the meantime.
Should I adjust anything in my layout here? Does anybody see any glaring opportunities or flaws that I'm missing?
It's my understanding that bonds/tax inefficient investments belong in tax advantaged accounts, and I'm planning to shuffle a lot more (~$20k) into my 401 over the next year to get it tax advantaged, along with maxing out my IRAs.
I'm working through everything post-move from Edward Jones to Schwab, and trying to figure out the best way to sort things out. My accounts are currently a mess, nothing is really balanced, etc...
Here's how I'm considering laying out my current holdings.
Taxable: 121k equity / 0k bonds (+75k in SNSXX)
Roth1/2 (combined): 20.5k equity / 58k bonds
401k: 50k equity / 7.5k bonds (investment choices limited, best is 2055 target fund @ 87/13) // about half/half Roth and Traditional contributions
Back of the napkin math says this puts me around 75/25 overall. At 40 I don't know that I feel comfortable being more aggressive than that, though I haven't worked out what to do with the 25% yet, as I haven't really dug into the details on bond investing.
The cash in SNSXX is being ignored in my overall math, as that's earmarked for a down payment on a house that I see as likely in a couple months, and is also my primary emergency fund at the moment. That being said, I'm going to sell off some investments after the first of the year (tax implications...), which means I may borrow some from this fund in the meantime.
Should I adjust anything in my layout here? Does anybody see any glaring opportunities or flaws that I'm missing?
It's my understanding that bonds/tax inefficient investments belong in tax advantaged accounts, and I'm planning to shuffle a lot more (~$20k) into my 401 over the next year to get it tax advantaged, along with maxing out my IRAs.
Statistics: Posted by anon2784 — Tue Nov 12, 2024 7:09 pm — Replies 5 — Views 262