Just hit my first year anniversary with an adult job. Yes, I know late in the game at 34. Hopefully, I can catch up.
Emergency funds: 8k checking. 355,000 in VUSXX (More for down payment for a house rather than an emergency fund).
Debt: Partner with 55k in student loans. 2-5.15% highest 23k at 5.15% At this time it is in forbearance? Will have to call her lender to figure out why payments and interests are on hold listing it all as 0 for some reason…
Tax Filing Status: Married Filing Jointly
Tax Rate: 37% Federal, 12.3% State
State of Residence: California
Age: 34
Desired Asset allocation: 100% stocks / 0% bonds
Desired International allocation: 25% of stocks
Size of total portfolio: 254k
Current retirement assets
His 401k
2.59% Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) (0.11)
1.94% Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) (0.05)
1.93% Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) (0.05)
Company match 3%
His Roth IRA at Vanguard
7.89% Vanguard Total Stock Market Index Fund ETF(VTI) (0.03%)
14.97% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04)
7.37% Vanguard Small-Cap Value Index Fund ETF (VBR) (0.07%)
6.38% Vanguard Real Estate Index Fund ETF (VNQ) (0.13%)
6.79% Vanguard Total International Stock Index Fund ETF (VXUS) (0.08%)
5.57% Vanguard FTSE All-World ex-US Small-Cap Index ETF (VSS) (0.08%)
Her 403b
6.96% Fidelity Total Market Index Fund (FSKAX) (0.02)
4.08% Fidelity Total International Index Fund (0.06)
Company match: 5% of gross income + 5% match. Also After tax (megabackdoor) 15% max of gross pay per pay check)
Her Roth IRA at Vanguard
6.61% Vanguard Total Stock Market Index Fund ETF (VTI) (0.03%)
9.99% Vanguard Small-Cap Value Index Fund ETF (VBR) (0.07%)
9.49% Vanguard Real Estate Index Fund ETF (VNQ) (0.13%)
8.36% Vanguard FTSE All-World ex-US Small-Cap Index ETF (VSS) (0.08%)
Contributions
New annual Contributions
$23k his 401k (also specify any employer matching contributions)
3% match
$23 her 403b (also specify any employer matching contributions)
403B (pretax): $1,916/month (23,000/year)
Employer Match: Basic contribution 5% of gross income (~400/pay check) + 5% match (~400/pay check)
Traditional (after tax): 15% max of gross pay per pay check (~1,200/pay check) (aka mega backdoor)
~31,000/year total
Employer totals cannot exceed 69,00/year
100% vested right away for contributions & match
$7000 his IRA/Roth IRA (backdoor)
$7000 her IRA/Roth IRA (backdoor)
Available funds
Funds available in his 401(k)
Transamerica Stable Value Focus Option
Guggenheim Total Return Bond R6 (GIBRX) (0.04%)
Vanguard Total Bond Market Index Adm VBTLX (0.05%)
DFA Inflation-Protected Securities I DIPSX (0.11%)
Invesco Diversified Dividend R5 DDFIX (0.54%)
Invesco Equally-Wtd S&P 500 Y VADDX (0.27%)
T. Rowe Price Blue Chip Growth TRBCX (0.70%)
Vanguard Growth Index Admiral VIGAX (0.05%)
Vanguard Mid Cap Index Admiral VIMAX (0.05%)
Vanguard Small Cap Index Adm VSMAX (0.05%)
American Funds New Perspective R6 RNPGX (0.42%)
Lazard International Equity Instl LZIEX (0.84%)
Vanguard Total Intl Stock Index Admiral VTIAX (0.12%)
American Funds New World R6 RNWGX (0.57%)
Invesco Equity and Income R5 ACEKX (0.49%)
Vanguard Target Retirement Income Fund VTINX (0.08%)
Target Date funds …
Funds available in her 403(b)
COL CONTRAN CORE I3 (COFYX) (0.63%)
FID TOTAL MKT IDX (FSKAX) (0.015%)
DLWR SM CAP CORE R6 (DCZRX) (0.72%)
DODGE & COX INT SK X (DOXFX) (0.57%)
FID TOTAL INTL IDX (FTIHX) (0.06%)
PIM INFL RESP MA IS (PIRMX) (2.17%)
NYL GUAR INT ACCOUNT (0.1%)
DODGE & COX GLB BD X (DOXLX) (0.47%)
FID US BOND IDX (FXNAX) (0.025%)
PGIM TOTAL RTN BD R6 (PTRQX) (0.4%)
VANG TREASURY MM (VUSXX) (0.09%)
FID FDM IDX INC PRM (FAPIX) (0.05%)
Target date funds …
Questions:
1. Ideally I should save another 55k into retirement into a taxable account to hit 20% saving for retirement combined. But we decided to save for a down payment on a house (plan to buy within 6 months). I’m I doing the right thing maximizing a down payment for a house or should I still save for retirement this year?
2. Maxing my partner’s tax sheltered accounts since she has more allocated funds. When I do create a taxable account I would probably place it into VBK and VUG based on the MM spreadsheet. Why don’t I want to auto place dividends into reinvesting? Is it to not incur taxable gains?
3. My partner's loans are 5.15% I do plan on paying this as a lump sum as the VUSXX is now at 4.65% so it makes sense to pay off her highest interest loans first. Does it make sense to pay off the lower interest loans as well at 2 or 3% currently?
Emergency funds: 8k checking. 355,000 in VUSXX (More for down payment for a house rather than an emergency fund).
Debt: Partner with 55k in student loans. 2-5.15% highest 23k at 5.15% At this time it is in forbearance? Will have to call her lender to figure out why payments and interests are on hold listing it all as 0 for some reason…
Tax Filing Status: Married Filing Jointly
Tax Rate: 37% Federal, 12.3% State
State of Residence: California
Age: 34
Desired Asset allocation: 100% stocks / 0% bonds
Desired International allocation: 25% of stocks
Size of total portfolio: 254k
Current retirement assets
His 401k
2.59% Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) (0.11)
1.94% Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) (0.05)
1.93% Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) (0.05)
Company match 3%
His Roth IRA at Vanguard
7.89% Vanguard Total Stock Market Index Fund ETF(VTI) (0.03%)
14.97% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04)
7.37% Vanguard Small-Cap Value Index Fund ETF (VBR) (0.07%)
6.38% Vanguard Real Estate Index Fund ETF (VNQ) (0.13%)
6.79% Vanguard Total International Stock Index Fund ETF (VXUS) (0.08%)
5.57% Vanguard FTSE All-World ex-US Small-Cap Index ETF (VSS) (0.08%)
Her 403b
6.96% Fidelity Total Market Index Fund (FSKAX) (0.02)
4.08% Fidelity Total International Index Fund (0.06)
Company match: 5% of gross income + 5% match. Also After tax (megabackdoor) 15% max of gross pay per pay check)
Her Roth IRA at Vanguard
6.61% Vanguard Total Stock Market Index Fund ETF (VTI) (0.03%)
9.99% Vanguard Small-Cap Value Index Fund ETF (VBR) (0.07%)
9.49% Vanguard Real Estate Index Fund ETF (VNQ) (0.13%)
8.36% Vanguard FTSE All-World ex-US Small-Cap Index ETF (VSS) (0.08%)
Contributions
New annual Contributions
$23k his 401k (also specify any employer matching contributions)
3% match
$23 her 403b (also specify any employer matching contributions)
403B (pretax): $1,916/month (23,000/year)
Employer Match: Basic contribution 5% of gross income (~400/pay check) + 5% match (~400/pay check)
Traditional (after tax): 15% max of gross pay per pay check (~1,200/pay check) (aka mega backdoor)
~31,000/year total
Employer totals cannot exceed 69,00/year
100% vested right away for contributions & match
$7000 his IRA/Roth IRA (backdoor)
$7000 her IRA/Roth IRA (backdoor)
Available funds
Funds available in his 401(k)
Transamerica Stable Value Focus Option
Guggenheim Total Return Bond R6 (GIBRX) (0.04%)
Vanguard Total Bond Market Index Adm VBTLX (0.05%)
DFA Inflation-Protected Securities I DIPSX (0.11%)
Invesco Diversified Dividend R5 DDFIX (0.54%)
Invesco Equally-Wtd S&P 500 Y VADDX (0.27%)
T. Rowe Price Blue Chip Growth TRBCX (0.70%)
Vanguard Growth Index Admiral VIGAX (0.05%)
Vanguard Mid Cap Index Admiral VIMAX (0.05%)
Vanguard Small Cap Index Adm VSMAX (0.05%)
American Funds New Perspective R6 RNPGX (0.42%)
Lazard International Equity Instl LZIEX (0.84%)
Vanguard Total Intl Stock Index Admiral VTIAX (0.12%)
American Funds New World R6 RNWGX (0.57%)
Invesco Equity and Income R5 ACEKX (0.49%)
Vanguard Target Retirement Income Fund VTINX (0.08%)
Target Date funds …
Funds available in her 403(b)
COL CONTRAN CORE I3 (COFYX) (0.63%)
FID TOTAL MKT IDX (FSKAX) (0.015%)
DLWR SM CAP CORE R6 (DCZRX) (0.72%)
DODGE & COX INT SK X (DOXFX) (0.57%)
FID TOTAL INTL IDX (FTIHX) (0.06%)
PIM INFL RESP MA IS (PIRMX) (2.17%)
NYL GUAR INT ACCOUNT (0.1%)
DODGE & COX GLB BD X (DOXLX) (0.47%)
FID US BOND IDX (FXNAX) (0.025%)
PGIM TOTAL RTN BD R6 (PTRQX) (0.4%)
VANG TREASURY MM (VUSXX) (0.09%)
FID FDM IDX INC PRM (FAPIX) (0.05%)
Target date funds …
Questions:
1. Ideally I should save another 55k into retirement into a taxable account to hit 20% saving for retirement combined. But we decided to save for a down payment on a house (plan to buy within 6 months). I’m I doing the right thing maximizing a down payment for a house or should I still save for retirement this year?
2. Maxing my partner’s tax sheltered accounts since she has more allocated funds. When I do create a taxable account I would probably place it into VBK and VUG based on the MM spreadsheet. Why don’t I want to auto place dividends into reinvesting? Is it to not incur taxable gains?
3. My partner's loans are 5.15% I do plan on paying this as a lump sum as the VUSXX is now at 4.65% so it makes sense to pay off her highest interest loans first. Does it make sense to pay off the lower interest loans as well at 2 or 3% currently?
Statistics: Posted by Mesonoxian — Sat Nov 16, 2024 9:00 pm — Replies 2 — Views 316