Emergency funds: 6 months expenses in money market account (SPAXX)
Debt:
Car Loan 6k - paying $415 monthly, 5% apr
Appliance Loan 2k - paying $81 monthly, 0% apr
Tax Filing Status: Married Filing Separately
Tax Rate: 24% Federal, 9.3% State
State of Residence:CA
Age:39
Desired Asset allocation: 90% stocks / 10% bonds
Desired International allocation: 30% of stocks
Please provide an approximate size of your total portfolio: 20k - Just Starting Out
Current retirement assets
Employer 401a- estimating 1 time payment of $150,000 - 200,000 upon retirement
Employer Pension Plan - estimating payments of $7,600 per month upon retirement
Taxable
xx% cash: NA. DCA'ing weekly.
60% Vanguard Total Stock Market ETF (VTI) (.03)
30% Vanguard Total International Stock ETF (VXUS) (.08)
10% Vanguard Total Bond Market ETF (BND) (.03)
His 401k
NA
His Roth IRA at Vanguard
60% Fidelity ZERO® Total Market Index Fund (FZROX) (.00)
30% Fidelity ZERO® International Index Fund (FZILX) (.00)
10% Fidelity® U.S. Bond Index Fund (FXNAX) (.00)
His Rollover IRA at Schwab
NA
Her 403b
NA
Her Traditional IRA at Vanguard
100% Vanguard Target Retirement 2050 Fund (VFIFX) (.08)
_______________________________________________________________
Contributions
New annual Contributions
$7k his IRA/Roth IRA
$14k taxable (for retirement, not short term goals)
Available funds
NA
Funds available in her 403(b)
NA
Questions:
1. I am starting to invest late in life as 39M. I plan to fund the majority if not all retirement off my pension payments. However, I would like to make the most of any excess income and invest for a minimum of ~10 years out. Am I understanding this correctly, keeping identical allocations in both IRA and Taxable?
2. Because I am starting late in life, an aggressive approach of 90% stocks 10% bonds is what I chose to start with.
2.1 Should I add a Intl Bond fund to IRA or Taxable?
2.2 I am thinking about transitioning to more bonds starting at ~45, as from my understanding I need to make maximum use of my 'wealth accumulation' phase. Is this correct/advised?
Any Advice is Appreciated. I just want to make sure my partner and I are taken care of in the future. Thanks!
Debt:
Car Loan 6k - paying $415 monthly, 5% apr
Appliance Loan 2k - paying $81 monthly, 0% apr
Tax Filing Status: Married Filing Separately
Tax Rate: 24% Federal, 9.3% State
State of Residence:CA
Age:39
Desired Asset allocation: 90% stocks / 10% bonds
Desired International allocation: 30% of stocks
Please provide an approximate size of your total portfolio: 20k - Just Starting Out
Current retirement assets
Employer 401a- estimating 1 time payment of $150,000 - 200,000 upon retirement
Employer Pension Plan - estimating payments of $7,600 per month upon retirement
Taxable
xx% cash: NA. DCA'ing weekly.
60% Vanguard Total Stock Market ETF (VTI) (.03)
30% Vanguard Total International Stock ETF (VXUS) (.08)
10% Vanguard Total Bond Market ETF (BND) (.03)
His 401k
NA
His Roth IRA at Vanguard
60% Fidelity ZERO® Total Market Index Fund (FZROX) (.00)
30% Fidelity ZERO® International Index Fund (FZILX) (.00)
10% Fidelity® U.S. Bond Index Fund (FXNAX) (.00)
His Rollover IRA at Schwab
NA
Her 403b
NA
Her Traditional IRA at Vanguard
100% Vanguard Target Retirement 2050 Fund (VFIFX) (.08)
_______________________________________________________________
Contributions
New annual Contributions
$7k his IRA/Roth IRA
$14k taxable (for retirement, not short term goals)
Available funds
NA
Funds available in her 403(b)
NA
Questions:
1. I am starting to invest late in life as 39M. I plan to fund the majority if not all retirement off my pension payments. However, I would like to make the most of any excess income and invest for a minimum of ~10 years out. Am I understanding this correctly, keeping identical allocations in both IRA and Taxable?
2. Because I am starting late in life, an aggressive approach of 90% stocks 10% bonds is what I chose to start with.
2.1 Should I add a Intl Bond fund to IRA or Taxable?
2.2 I am thinking about transitioning to more bonds starting at ~45, as from my understanding I need to make maximum use of my 'wealth accumulation' phase. Is this correct/advised?
Any Advice is Appreciated. I just want to make sure my partner and I are taken care of in the future. Thanks!
Statistics: Posted by Affiliate1099 — Mon Jan 20, 2025 1:50 pm — Replies 2 — Views 152