Hi all, First off, thanks for this wonderful finance resource. Learning so much !
As we prep for retirement, please review and provide portfolio address for retirement plans:
My wife (F54) and I (M59) live in California.
We're both currently employed.
2 adult kids, We're paying for their grad and undergrad education. Both will be complete by next summer. If younger one goes for grad school (in a couple of years), we'll provide tuition support as needed. We have enough funds for both kids in 529 plans.
I plan to retire at 62, my wife at 60.
Retirement expenses in current $ estimated to be $80k/year, outside of income taxes & capital gains.
Please check our portfolio and advice based on our plans.
Emergency funds: Three to six months of expenses (indicate if you have this, but it is generally not part of your asset allocation)
Yes. 1+ year expenses in Checking + Saving.
Debt: Indicate if you have any debt (credit card, school loans, car loans, mortgage) and the interest rate you are paying on each loan.
Mortgage of $2000. This will be paid off by year end. 3.75% interest rate.
No other debt currently.
Planning new vehicle purchase soon. (Current vehicles are 8 & 15 yrs old). Will pay mostly in cash.
Tax Filing Status: (Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Widow/Widower with Dependent Children)
Married filing Jointly.
Tax Rate: 22% Federal, 9.5% State
State of Residence:
California
Age:
Him: 59, Her: 54
Desired Asset allocation: 50% stocks / 40% bonds
Desired International allocation: 10% of stocks
Please provide suggestions if above sounds fine?
Please provide an approximate size of your total portfolio:
6.25M. Plus some Oracle unvested RSUs (vests over next 3 yrs), and vested but unexercised NQSO.
Show us your current portfolio including all investment and retirement accounts (yourself and spouse or civil partner, if applicable) as it's important to look at the portfolio as a unified whole rather than look at accounts in isolation. Also include the available funds in your employer provided retirement plans.
Current retirement assets
Taxable
xx% cash (for investing – do not include emergency funds)
4% cash = $ 250,000 - in Fidelity FCASH; 2.32 % Interest. Thinking of a backdoor Roth to move 16k (8k + 8k) into a low-risk Vanguard ETF/Mutual fund. Also use some for new vehicle purchase this year and home improvements next year.
Brokerage - Vanguard
12% VBIAX - VANGUARD BALANCED INDEX ADMIRAL
.165% VEMAX - VANGUARD EMERGING MARKETS STOCK
2.4% VGSLX - VANGUARD REAL ESTATE INDEX ADMIRAL
2% VSGAX - VANGUARD SMALL CAP GROWTH INDEX
2.4% VTIAX - VANGUARD TOTAL INTL STOCK INDEX
.24% VOO - VANGUARD S&P 500 INDEX ETF
1.44% Brokered CDs in vanguard
Brokerage - ETrade
1% - AMAT
3.2% - AMZN
.2 % - C
.18% - CSCO
.26% - FDX
.5% - HD
.18% - INTC
.17% - MRK
- ORCL
.2 % - TGT
1.9% - TSLA
His 401k
Current = $390,000 at Fidelity.
Current contribution:
40% - FXAIX
40% - FSMAX
20% - LHYVX
Company match? Yes, upto 6%.
55% FXAIX - Fidelity 500 Index
31% FSMAX - Fidelity extended market index fund
14% LHYVX - Lord Abbett High Yield Fund
His Old 401k
Old 401k = $1,020,000 at Fidelity
44% - Fidelity® Contrafund
39% - Fidelity ® Growth Company Commingled Pool Class S
17% - DOXGX - DODGE & COX STOCK X
His Old 401k
Old 401k = $775,000 at ADP
100% - VTHRX - Vanguard Target Retirement 2030 Fund
Her 401k:
Current = $1,750,000 at Fidelity
Company match? Match contrbutions up to 6%
Current contribution - 100% Vanguard Target Retirement 2030.
57% - Vanguard Institutional 500 Index Trust
22% - FBAKX - Fidelity® Balanced Fund
6.8% - US Small-Mid Cap Value Stock Portfolio
3.75% - Vanguard Target Retirement 2030
3.6% - Artisan International
3.1% - DOXFX - Dodge & Cox International
2.7% - Emerging Markets Stock Portfolio
1.15% - Vanguard Institutional Total Bond Market
His Traditional IRA at Vanguard
None yet
His Roth IRA
None yet
Her Traditional IRA at Vanguard
None yet
Her Roth IRA
None yet
Questions:
1. Please comment on our portfolio allocation, and suggestions for rebalancing
2. Should've done Backdoor Roth before, but planning to start this year for a total of $16k. Since we don't have any IRAs/Roth, am thinking this should be simpler.
3. Planning on Mega backdoor Roth for subsequent few years until retirement. Since neither of us have after-tax Roth
4. Suggestions for income post-retirement and prior to RMDs. CD / Bond ladder?
5. Other suggestions?
As we prep for retirement, please review and provide portfolio address for retirement plans:
My wife (F54) and I (M59) live in California.
We're both currently employed.
2 adult kids, We're paying for their grad and undergrad education. Both will be complete by next summer. If younger one goes for grad school (in a couple of years), we'll provide tuition support as needed. We have enough funds for both kids in 529 plans.
I plan to retire at 62, my wife at 60.
Retirement expenses in current $ estimated to be $80k/year, outside of income taxes & capital gains.
Please check our portfolio and advice based on our plans.
Emergency funds: Three to six months of expenses (indicate if you have this, but it is generally not part of your asset allocation)
Yes. 1+ year expenses in Checking + Saving.
Debt: Indicate if you have any debt (credit card, school loans, car loans, mortgage) and the interest rate you are paying on each loan.
Mortgage of $2000. This will be paid off by year end. 3.75% interest rate.
No other debt currently.
Planning new vehicle purchase soon. (Current vehicles are 8 & 15 yrs old). Will pay mostly in cash.
Tax Filing Status: (Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Widow/Widower with Dependent Children)
Married filing Jointly.
Tax Rate: 22% Federal, 9.5% State
State of Residence:
California
Age:
Him: 59, Her: 54
Desired Asset allocation: 50% stocks / 40% bonds
Desired International allocation: 10% of stocks
Please provide suggestions if above sounds fine?
Please provide an approximate size of your total portfolio:
6.25M. Plus some Oracle unvested RSUs (vests over next 3 yrs), and vested but unexercised NQSO.
Show us your current portfolio including all investment and retirement accounts (yourself and spouse or civil partner, if applicable) as it's important to look at the portfolio as a unified whole rather than look at accounts in isolation. Also include the available funds in your employer provided retirement plans.
Current retirement assets
Taxable
xx% cash (for investing – do not include emergency funds)
4% cash = $ 250,000 - in Fidelity FCASH; 2.32 % Interest. Thinking of a backdoor Roth to move 16k (8k + 8k) into a low-risk Vanguard ETF/Mutual fund. Also use some for new vehicle purchase this year and home improvements next year.
Brokerage - Vanguard
12% VBIAX - VANGUARD BALANCED INDEX ADMIRAL
.165% VEMAX - VANGUARD EMERGING MARKETS STOCK
2.4% VGSLX - VANGUARD REAL ESTATE INDEX ADMIRAL
2% VSGAX - VANGUARD SMALL CAP GROWTH INDEX
2.4% VTIAX - VANGUARD TOTAL INTL STOCK INDEX
.24% VOO - VANGUARD S&P 500 INDEX ETF
1.44% Brokered CDs in vanguard
Brokerage - ETrade
1% - AMAT
3.2% - AMZN
.2 % - C
.18% - CSCO
.26% - FDX
.5% - HD
.18% - INTC
.17% - MRK
- ORCL
.2 % - TGT
1.9% - TSLA
His 401k
Current = $390,000 at Fidelity.
Current contribution:
40% - FXAIX
40% - FSMAX
20% - LHYVX
Company match? Yes, upto 6%.
55% FXAIX - Fidelity 500 Index
31% FSMAX - Fidelity extended market index fund
14% LHYVX - Lord Abbett High Yield Fund
His Old 401k
Old 401k = $1,020,000 at Fidelity
44% - Fidelity® Contrafund
39% - Fidelity ® Growth Company Commingled Pool Class S
17% - DOXGX - DODGE & COX STOCK X
His Old 401k
Old 401k = $775,000 at ADP
100% - VTHRX - Vanguard Target Retirement 2030 Fund
Her 401k:
Current = $1,750,000 at Fidelity
Company match? Match contrbutions up to 6%
Current contribution - 100% Vanguard Target Retirement 2030.
57% - Vanguard Institutional 500 Index Trust
22% - FBAKX - Fidelity® Balanced Fund
6.8% - US Small-Mid Cap Value Stock Portfolio
3.75% - Vanguard Target Retirement 2030
3.6% - Artisan International
3.1% - DOXFX - Dodge & Cox International
2.7% - Emerging Markets Stock Portfolio
1.15% - Vanguard Institutional Total Bond Market
His Traditional IRA at Vanguard
None yet
His Roth IRA
None yet
Her Traditional IRA at Vanguard
None yet
Her Roth IRA
None yet
Questions:
1. Please comment on our portfolio allocation, and suggestions for rebalancing
2. Should've done Backdoor Roth before, but planning to start this year for a total of $16k. Since we don't have any IRAs/Roth, am thinking this should be simpler.
3. Planning on Mega backdoor Roth for subsequent few years until retirement. Since neither of us have after-tax Roth
4. Suggestions for income post-retirement and prior to RMDs. CD / Bond ladder?
5. Other suggestions?
Statistics: Posted by johnyboyd — Tue Nov 19, 2024 1:15 am — Replies 0 — Views 150