Emergency funds: 6 months
Debt: Mortage: $329K @ 2.625% APR. Tempermentally, I want to pay this off, but with that low of a rate, I know that's not necessarily wise.
Tax Filing Status: Married Filing Jointly
Tax Rate: 24% Federal, 0% state
State of Residence: Washington
Age: 44
Desired Asset allocation: Don't know. Maybe 80-20 stocks vs. bonds?
Total portfolio size: $1.54M
529 Savings: $100K for 3 kids
Current retirement assets
Taxable
0% cash
31% ITOT 0.03%
1.4% MSFT
0.6% DIS
0.4% PTON
This taxable account is not exclusively reserved for retirement. I do use it for major expenses occasionally (vacations, new car at some point).
His 401k
66% O7M4 BTC LPATH IDX 2040 M - 0.042%
Company Match: 50%, up to $11,750 for 2025
His Roth IRA at Fidelity (Passthrough via standard IRA)
0.5% FFRHX
I opened this only recently as an alternative to the 529s.
Her Roth IRA at Fidelity (Passthrough via a standard IRA)
0.5% FFRHX
I opened this only recently as an alternative to the 529s.
_______________________________________________________________
Note: Total percentage of all the above accounts together (not each account individually) should equal 100%.
Contributions
New annual Contributions
$69K his 401k (including $11.5K employer matching)
$7K his Roth IRA
$7K her Roth IRA
$xx taxable (for retirement, not short term goals)
Available funds
Funds available in his 401(k)
BlackRock LifePath Index Retirement Unitized Account Suite M 0.041%
BlackRock LifePath Index 2030 Unitized Account M (Couldn't look up)
BlackRock LifePath Index 2035 Unitized Account M 0.043%
BlackRock LifePath Index 2040 Unitized Account M 0.042%
BlackRock LifePath Index 2045 Unitized Account M 0.044%
BlackRock LifePath Index 2050 Unitized Account M 0.043%
BlackRock LifePath Index 2055 Unitized Account M 0.044%
BlackRock LifePath Index 2060 Unitized Account M 0.044%
BlackRock LifePath Index 2065 Unitized Account M 0.045%
Artisan Mid Cap Account 0.5017%
BlackRock Short-Term Investment Account 0.041%
Fidelity Contrafund Commingled Pool Class S 0.3%
Fidelity Growth Company Commingled Pool Class S 0.3%
PIMCO Total Return Account 0.1833%
International Growth Account 0.4460%
International Value Account 0.4483%
Vanguard Russell 1000 Growth Index Trust 0.0159%
Vanguard Russell 1000 Value Index Trust 0.0187%
Vanguard 500 Index Fund Institutional Select VFFSX 0.01%
Vanguard Short-Term Bond Index Fund Institutional Plus Shares VBIPX 0.04%
PIMCO Inflation Response Multi-Asset Collective Trust Class I PIRMX 1.95%
Vanguard Russell 2000 Growth Index Trust 0.0240%
Small Mid Cap Value 0.2487%
Questions:
1. Any general feedback here?
2. My overall goal is to retire from my current career in 10-12 years with no debt, $3M in retirement funds, and enough money for kids' college. Does that seem doable with this? Healthcare is always the wild card here and might be the thing that causes me to work longer.
3. For kids' schooling, I'm planning on shifting focus to max out the two Roth IRAs (via a standard IRA passthrough), and then get the three 529s to at least $60K each.
4. I recently divested myself of some Treasury I Bonds that I'd been maxing out every year. I already have $65K in cash savings, but thought this would be a good place to park additional cash as a diversification, but I second-guessed myself and started moving it to backdoor Roth IRAs and stocks. Would it be worth it to get back into these, or are the bonds in my 401k enough diversification here?
Debt: Mortage: $329K @ 2.625% APR. Tempermentally, I want to pay this off, but with that low of a rate, I know that's not necessarily wise.
Tax Filing Status: Married Filing Jointly
Tax Rate: 24% Federal, 0% state
State of Residence: Washington
Age: 44
Desired Asset allocation: Don't know. Maybe 80-20 stocks vs. bonds?
Total portfolio size: $1.54M
529 Savings: $100K for 3 kids
Current retirement assets
Taxable
0% cash
31% ITOT 0.03%
1.4% MSFT
0.6% DIS
0.4% PTON
This taxable account is not exclusively reserved for retirement. I do use it for major expenses occasionally (vacations, new car at some point).
His 401k
66% O7M4 BTC LPATH IDX 2040 M - 0.042%
Company Match: 50%, up to $11,750 for 2025
His Roth IRA at Fidelity (Passthrough via standard IRA)
0.5% FFRHX
I opened this only recently as an alternative to the 529s.
Her Roth IRA at Fidelity (Passthrough via a standard IRA)
0.5% FFRHX
I opened this only recently as an alternative to the 529s.
_______________________________________________________________
Note: Total percentage of all the above accounts together (not each account individually) should equal 100%.
Contributions
New annual Contributions
$69K his 401k (including $11.5K employer matching)
$7K his Roth IRA
$7K her Roth IRA
$xx taxable (for retirement, not short term goals)
Available funds
Funds available in his 401(k)
BlackRock LifePath Index Retirement Unitized Account Suite M 0.041%
BlackRock LifePath Index 2030 Unitized Account M (Couldn't look up)
BlackRock LifePath Index 2035 Unitized Account M 0.043%
BlackRock LifePath Index 2040 Unitized Account M 0.042%
BlackRock LifePath Index 2045 Unitized Account M 0.044%
BlackRock LifePath Index 2050 Unitized Account M 0.043%
BlackRock LifePath Index 2055 Unitized Account M 0.044%
BlackRock LifePath Index 2060 Unitized Account M 0.044%
BlackRock LifePath Index 2065 Unitized Account M 0.045%
Artisan Mid Cap Account 0.5017%
BlackRock Short-Term Investment Account 0.041%
Fidelity Contrafund Commingled Pool Class S 0.3%
Fidelity Growth Company Commingled Pool Class S 0.3%
PIMCO Total Return Account 0.1833%
International Growth Account 0.4460%
International Value Account 0.4483%
Vanguard Russell 1000 Growth Index Trust 0.0159%
Vanguard Russell 1000 Value Index Trust 0.0187%
Vanguard 500 Index Fund Institutional Select VFFSX 0.01%
Vanguard Short-Term Bond Index Fund Institutional Plus Shares VBIPX 0.04%
PIMCO Inflation Response Multi-Asset Collective Trust Class I PIRMX 1.95%
Vanguard Russell 2000 Growth Index Trust 0.0240%
Small Mid Cap Value 0.2487%
Questions:
1. Any general feedback here?
2. My overall goal is to retire from my current career in 10-12 years with no debt, $3M in retirement funds, and enough money for kids' college. Does that seem doable with this? Healthcare is always the wild card here and might be the thing that causes me to work longer.
3. For kids' schooling, I'm planning on shifting focus to max out the two Roth IRAs (via a standard IRA passthrough), and then get the three 529s to at least $60K each.
4. I recently divested myself of some Treasury I Bonds that I'd been maxing out every year. I already have $65K in cash savings, but thought this would be a good place to park additional cash as a diversification, but I second-guessed myself and started moving it to backdoor Roth IRAs and stocks. Would it be worth it to get back into these, or are the bonds in my 401k enough diversification here?
Statistics: Posted by pepethecow — Wed Jan 08, 2025 1:11 pm — Replies 0 — Views 136