Emergency Fund: Yes
Debt: 326k Mortgage at 3%.
Tax filing: Married filing jointly
Tax Rate: 24% Fed, 4.75% State
State of Residence: NC
Age: 61
Desired AA: 80%/20%
Desired International: Somewhat agnostic, currently at 4.5%
Current AA: 78%/17% (remainder is miscellaneous; pension, REITs)
Approximate Portfolio: mid 7 figures
Current retirement assets:
Taxable,
Name, (ticker), (exp ratio, if applicable), percent of total assets
Alphabet Inc (GOOG)0.79%
Amazon.com Inc (AMZN)3.89%
Apple Inc (AAPL)7.95%
Ares Capital Corp (ARCC)1.56%
Bank of America Corp (BAC)0.85%
Blackstone Secured Lending Fund (BXSL)0.57%
Capital Southwest Corp (CSWC)0.58%
Delta Air Lines Inc (DAL)0.23%
DigitalBridge Group Inc (DBRG)0.07%
Financial Select Sector SPDR Fund (XLF) (0.09%)0.05%
Goldman Sachs BDC Inc (GSBD)0.57%
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) (0.42%)0.33%
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) (0.42%)0.33%
Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) (0.42%)0.33%
iShares iBonds 2028 Term High Yield and Income ETF (IBDT) (0.10%)0.56%
iShares iBonds Dec 2029 Term Corporate ETF (IBDU) (0.10%)0.56%
Janus Henderson AAA CLO ETF (JAAA) (0.21%)0.69%
Janus Henderson Mortgage-Backed Securities ETF (JMBS) (0.23%)0.45%
JPMorgan Chase & Co (JPM)0.43%
JPMorgan Equity Premium Income ETF (JEPQ) (0.35%)0.81%
JPMorgan Ultra-Short Income ETF (JPST) (0.18%)0.65%
Midcap Financial Investment Corp (MFIC)0.60%
Old Second Bancorp (OSBC)0.59%
Realty Income Corp (O)0.23%
SPDR Portfolio High Yield Bond ETF (SPHY) (0.05%)1.25%
Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) (0.08%)0.23%
Vanguard High Dividend Yield Index Fund ETF Shares (VHYAX) (0.08%)1.32%
Vanguard REIT Index Fund Admiral Shares (VGSLX) (0.13%)2.50%
Vanguard S&P 500 ETF (VOO) (0.03%)4.32%
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) (0.05%)1.12%
Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) (0.12%)2.71%
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04%)7.90%
Cash0.48%
His 401K (company match at 5% of salary)
T ROWE LARGE-CAP GR TRUST (JAQNT) (0.28%)0.10%
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)6.99%
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)4.50%
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.03%)5.21%
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.06%)3.32%
His Roth 401K
T ROWE LARGE-CAP GR TRUST (JAQNT) (0.28%)0.06%
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)2.02%
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)1.01%
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.03%)1.23%
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.06%)0.68%
His Rollover IRA at Vanguard
Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) (0.05%)4.05%
Vanguard Total International Bond Index Fund Admiral Shares (VTABX) (0.11%)1.41%
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04%)13.87%
His Inherited IRA at Vanguard (Currently has an RMD in force)
Arbor Realty Trust Inc (ABR)0.12%
Dynex Capital Inc (DX)0.11%
Exelon Corp (EXC)0.06%
Panagram Bbb-B Clo ETF (CLOZ) (0.50%)0.56%
Vanguard High Dividend Yield Index Fund Admiral (VHYAX) (0.08%)0.13%
Her Traditional IRA at Vanguard
Vanguard 500 Index Fund Admiral Shares (VFIAX) (0.04%)1.26%
Vanguard Energy Fund Investor Shares (VGENX) (0.44%)0.09%
Vanguard Health Care Fund Admiral Shares2.14%
Vanguard REIT Index Fund Admiral Shares (VGSLX) (0.13%)0.16%
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) (0.05%)0.10%
Other
His pension at Employer (payable as an annuity, $988 per month, or lump sum)3.39%
His Employer Deferred Compensation0.78%
His Employer Equity and LT Cash Plan0.42%
Health Savings Account0.38%
401k Investment choices available to him.
EQUITY/STOCK
ACADIAN ALL WORLD EX-US EQUITY (GGRRT) (0.45%)
BLACKROCK EQUITY DIVIDEND CL M (EDFMT) (0.28%)
BLACKROCK LG CAP GWTH EQ CL T (BUFTT) (0.28%)
BLACKROCK RUSSELL 2000 FUND G1 (RRUST) (0.43%)
DODGE & COX STOCK CL X (DOXGX) (0.46%)
EARNEST PARTNERS SMID CP CORE (EPSCT) (0.52%)
MFS INTERNATIONAL GROWTH (MIGFT) (0.38%)
NORTHERN GLBL SUSTAINABILITY I (NSRIX) (0.29%)
STATE STREET REAL ASSET K (SSRLT) (0.18%)
T ROWE LARGE-CAP GR TRUS (JAQNT) (0.28%)
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.05%)
BOND/FIXED INCOME
PIMCO TOTAL RETURN PORT. INSTL (PTTRX) (0.49%)
VANGUARD INFLATION-PROTECTED (VIPIX) (0.07%)
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.02%)
WESTERN ASSET CORE BOND R3 (WACIT) (0.25%)
ALLOCATION FUNDS
BLACKROCK GLOBAL ALLOC CL J (BLIFT) (0.46%)
LIFEPATH INDEX 2025 FUND T (BLPRT) (0.05%)
LIFEPATH INDEX 2030 FUND T (BLPQT) (0.05%)
LIFEPATH INDEX 2035 FUND T (BLPVT) (0.05%)
LIFEPATH INDEX 2040 FUND T (BLPKT) (0.05%)
LIFEPATH INDEX 2045 FUND T (BLPXT) (0.05%)
LIFEPATH INDEX 2050 FUND T (BLPYT) (0.05%)
LIFEPATH INDEX 2055 FUND T (BLPPT) (0.05%)
LIFEPATH INDEX 2060 FUND T (BLPAT) (0.05%)
LIFEPATH INDEX 2065 FUND T (BLPFT) (0.05%)
LIFEPATH INDEX RETIREMENT FD T (BLPGT) (0.05%)
PIMCO ALL ASSET FUND (PAAIX) (1.50%)
STABLE VALUE
STABLE VALUE FUND (MLSVF) (0.03%)
Questions/Explanation:
Planning to retire within 6 months—possibly sooner.
Debt: 326k Mortgage at 3%.
Tax filing: Married filing jointly
Tax Rate: 24% Fed, 4.75% State
State of Residence: NC
Age: 61
Desired AA: 80%/20%
Desired International: Somewhat agnostic, currently at 4.5%
Current AA: 78%/17% (remainder is miscellaneous; pension, REITs)
Approximate Portfolio: mid 7 figures
Current retirement assets:
Taxable,
Name, (ticker), (exp ratio, if applicable), percent of total assets
Alphabet Inc (GOOG)0.79%
Amazon.com Inc (AMZN)3.89%
Apple Inc (AAPL)7.95%
Ares Capital Corp (ARCC)1.56%
Bank of America Corp (BAC)0.85%
Blackstone Secured Lending Fund (BXSL)0.57%
Capital Southwest Corp (CSWC)0.58%
Delta Air Lines Inc (DAL)0.23%
DigitalBridge Group Inc (DBRG)0.07%
Financial Select Sector SPDR Fund (XLF) (0.09%)0.05%
Goldman Sachs BDC Inc (GSBD)0.57%
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) (0.42%)0.33%
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) (0.42%)0.33%
Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) (0.42%)0.33%
iShares iBonds 2028 Term High Yield and Income ETF (IBDT) (0.10%)0.56%
iShares iBonds Dec 2029 Term Corporate ETF (IBDU) (0.10%)0.56%
Janus Henderson AAA CLO ETF (JAAA) (0.21%)0.69%
Janus Henderson Mortgage-Backed Securities ETF (JMBS) (0.23%)0.45%
JPMorgan Chase & Co (JPM)0.43%
JPMorgan Equity Premium Income ETF (JEPQ) (0.35%)0.81%
JPMorgan Ultra-Short Income ETF (JPST) (0.18%)0.65%
Midcap Financial Investment Corp (MFIC)0.60%
Old Second Bancorp (OSBC)0.59%
Realty Income Corp (O)0.23%
SPDR Portfolio High Yield Bond ETF (SPHY) (0.05%)1.25%
Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) (0.08%)0.23%
Vanguard High Dividend Yield Index Fund ETF Shares (VHYAX) (0.08%)1.32%
Vanguard REIT Index Fund Admiral Shares (VGSLX) (0.13%)2.50%
Vanguard S&P 500 ETF (VOO) (0.03%)4.32%
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) (0.05%)1.12%
Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) (0.12%)2.71%
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04%)7.90%
Cash0.48%
His 401K (company match at 5% of salary)
T ROWE LARGE-CAP GR TRUST (JAQNT) (0.28%)0.10%
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)6.99%
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)4.50%
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.03%)5.21%
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.06%)3.32%
His Roth 401K
T ROWE LARGE-CAP GR TRUST (JAQNT) (0.28%)0.06%
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)2.02%
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)1.01%
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.03%)1.23%
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.06%)0.68%
His Rollover IRA at Vanguard
Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) (0.05%)4.05%
Vanguard Total International Bond Index Fund Admiral Shares (VTABX) (0.11%)1.41%
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04%)13.87%
His Inherited IRA at Vanguard (Currently has an RMD in force)
Arbor Realty Trust Inc (ABR)0.12%
Dynex Capital Inc (DX)0.11%
Exelon Corp (EXC)0.06%
Panagram Bbb-B Clo ETF (CLOZ) (0.50%)0.56%
Vanguard High Dividend Yield Index Fund Admiral (VHYAX) (0.08%)0.13%
Her Traditional IRA at Vanguard
Vanguard 500 Index Fund Admiral Shares (VFIAX) (0.04%)1.26%
Vanguard Energy Fund Investor Shares (VGENX) (0.44%)0.09%
Vanguard Health Care Fund Admiral Shares2.14%
Vanguard REIT Index Fund Admiral Shares (VGSLX) (0.13%)0.16%
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) (0.05%)0.10%
Other
His pension at Employer (payable as an annuity, $988 per month, or lump sum)3.39%
His Employer Deferred Compensation0.78%
His Employer Equity and LT Cash Plan0.42%
Health Savings Account0.38%
401k Investment choices available to him.
EQUITY/STOCK
ACADIAN ALL WORLD EX-US EQUITY (GGRRT) (0.45%)
BLACKROCK EQUITY DIVIDEND CL M (EDFMT) (0.28%)
BLACKROCK LG CAP GWTH EQ CL T (BUFTT) (0.28%)
BLACKROCK RUSSELL 2000 FUND G1 (RRUST) (0.43%)
DODGE & COX STOCK CL X (DOXGX) (0.46%)
EARNEST PARTNERS SMID CP CORE (EPSCT) (0.52%)
MFS INTERNATIONAL GROWTH (MIGFT) (0.38%)
NORTHERN GLBL SUSTAINABILITY I (NSRIX) (0.29%)
STATE STREET REAL ASSET K (SSRLT) (0.18%)
T ROWE LARGE-CAP GR TRUS (JAQNT) (0.28%)
VANGUARD INSTL 500 INDEX TRUST (VGINT) (0.01%)
VANGUARD INSTL EXTENDED MKT (VGIET) (0.02%)
VANGUARD INSTL TTL INTL STOCK (VGIST) (0.05%)
BOND/FIXED INCOME
PIMCO TOTAL RETURN PORT. INSTL (PTTRX) (0.49%)
VANGUARD INFLATION-PROTECTED (VIPIX) (0.07%)
VANGUARD INSTL TTL BD MKT IND (VGITT) (0.02%)
WESTERN ASSET CORE BOND R3 (WACIT) (0.25%)
ALLOCATION FUNDS
BLACKROCK GLOBAL ALLOC CL J (BLIFT) (0.46%)
LIFEPATH INDEX 2025 FUND T (BLPRT) (0.05%)
LIFEPATH INDEX 2030 FUND T (BLPQT) (0.05%)
LIFEPATH INDEX 2035 FUND T (BLPVT) (0.05%)
LIFEPATH INDEX 2040 FUND T (BLPKT) (0.05%)
LIFEPATH INDEX 2045 FUND T (BLPXT) (0.05%)
LIFEPATH INDEX 2050 FUND T (BLPYT) (0.05%)
LIFEPATH INDEX 2055 FUND T (BLPPT) (0.05%)
LIFEPATH INDEX 2060 FUND T (BLPAT) (0.05%)
LIFEPATH INDEX 2065 FUND T (BLPFT) (0.05%)
LIFEPATH INDEX RETIREMENT FD T (BLPGT) (0.05%)
PIMCO ALL ASSET FUND (PAAIX) (1.50%)
STABLE VALUE
STABLE VALUE FUND (MLSVF) (0.03%)
Questions/Explanation:
Planning to retire within 6 months—possibly sooner.
- I am way overweight in qualified, and plan some Roth conversions over the next decade. Any advice for when/how much per year?
- I'm obviously not a purist when it comes to bogleheading, but what changes should I make going into retirement? Someone mentioned that it's unlikely the tech rally over the past decade in the likes of Apple, Amazon, and Google (all of which I own as single names) is unlikely to repeat in the next 10 years.
- Our projected spend in retirement is such that that 2.6% of assets would fund this. This does not factor in SS. If/when I claim SS, the % required from the portfolio moves to about 1.6% of the portfolio. Given my overweighting in Qualified, I’m looking for tax efficient strategies going forward.
Statistics: Posted by Hugh Prolly-Wright — Sat Jun 08, 2024 6:24 pm — Replies 0 — Views 52