Hello Boglehead community! I'm new to the forum and excited to learn from you. I would greatly appreciate a portfolio review and feedback. Thank you!
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Age: 34
Debt: None, thank god
Tax Filing Status: Single at the moment, but getting married in 2025. Open to suggestions about filing single vs jointly. We plan to keep our accounts separate, so I can't provide portfolio details for my SO.
State of Residence: Pennsylvania
Tax Rate: 22% Federal, 3.07% State
Desired AA: 95% Stocks, 5% Bonds
Portfolio size: ~483k (not including cash/emergency funds)
Housing status: renter, hoping to save for my half of a down payment within the next 3-5 years
Cash/Emergency Funds: Roughly 8 months of regular expenses
Checking: $3,000 (I keep this low and rotate money as needed for bill pay)
Vanguard Money Market: $8,500
I-Bonds: $11,000 (Considering rotating this into a small bond ladder to build on)
Taxable Brokerage
47% Vanguard 500 Index Admiral (VFIAX) (ER: 0.04%)
5% Disney (DIS)
4% (Vanguard Small Cap Value ETF (VBR) ER: 0.07%)
1% $3,600 Vanguard Total Intl Stock Index Admiral (VTIAX) (ER: 0.12%)
1% Vanguard Total Stock Market Index Admiral (VTSAX) (ER: 0.04%)
Roth IRA
12% Vanguard Total Stock Market Index Admiral (VTSAX) (ER: 0.04%)
3% Vanguard FTSE All World Ex US Index Admiral (ER: 0.11%)
3% Vanguard Small Cap Value ETF (VBR) (ER: 0.07%)
2% Vanguard FTSE Social Index Admiral (VFTAX) (ER: 0.14%)
1% Vanguard Total Bond Market Index Admiral (VBTLX) (ER: 0.05%)
1% Vanguard Growth and Income Investor (VQNPX) (ER: 0.32%)
<1% Vanguard Russell 3000 Index FD ETF (VTHR) (ER: 0.10%)
Employer-Sponsored Traditional 401k
17% Vanguard Target Retirement 2055 Trust Select (ER: 0.045%)
*Employer offers a 4% match, plus 10% of my base salary
HSA
3% 15,000 Vanguard Growth Index Institutional (ER: 0.04%)
*I have no health conditions and plan to use this as exclusively an investment vehicle rather than for health-related expenses
*Employer contributes ~$2,500 per year
Contributions
I prioritize contributions to the traditional 401k and Roth IRA, and aim to max out both by the end of the second quarter each year.
In the second half of the year, I aim to grow my emergency fund/savings. These will likely go into a bond ladder, but I'm open to other suggestions.
Questions
1. Can I improve the tax efficiency of my portfolio? Does it make sense to have any bond exposure in the Roth IRA or Traditional 401k?
2. Am I subject to wash sale rules between accounts? Should l consider restructuring assets?
3. Should I ever consider Roth conversions for the 401k?
4. At my age, should I be prioritizing contributions to retirement accounts ahead of savings for a home?
Very open to other thoughts and suggestions as well. Thank you!
---
Age: 34
Debt: None, thank god
Tax Filing Status: Single at the moment, but getting married in 2025. Open to suggestions about filing single vs jointly. We plan to keep our accounts separate, so I can't provide portfolio details for my SO.
State of Residence: Pennsylvania
Tax Rate: 22% Federal, 3.07% State
Desired AA: 95% Stocks, 5% Bonds
Portfolio size: ~483k (not including cash/emergency funds)
Housing status: renter, hoping to save for my half of a down payment within the next 3-5 years
Cash/Emergency Funds: Roughly 8 months of regular expenses
Checking: $3,000 (I keep this low and rotate money as needed for bill pay)
Vanguard Money Market: $8,500
I-Bonds: $11,000 (Considering rotating this into a small bond ladder to build on)
Taxable Brokerage
47% Vanguard 500 Index Admiral (VFIAX) (ER: 0.04%)
5% Disney (DIS)
4% (Vanguard Small Cap Value ETF (VBR) ER: 0.07%)
1% $3,600 Vanguard Total Intl Stock Index Admiral (VTIAX) (ER: 0.12%)
1% Vanguard Total Stock Market Index Admiral (VTSAX) (ER: 0.04%)
Roth IRA
12% Vanguard Total Stock Market Index Admiral (VTSAX) (ER: 0.04%)
3% Vanguard FTSE All World Ex US Index Admiral (ER: 0.11%)
3% Vanguard Small Cap Value ETF (VBR) (ER: 0.07%)
2% Vanguard FTSE Social Index Admiral (VFTAX) (ER: 0.14%)
1% Vanguard Total Bond Market Index Admiral (VBTLX) (ER: 0.05%)
1% Vanguard Growth and Income Investor (VQNPX) (ER: 0.32%)
<1% Vanguard Russell 3000 Index FD ETF (VTHR) (ER: 0.10%)
Employer-Sponsored Traditional 401k
17% Vanguard Target Retirement 2055 Trust Select (ER: 0.045%)
*Employer offers a 4% match, plus 10% of my base salary
HSA
3% 15,000 Vanguard Growth Index Institutional (ER: 0.04%)
*I have no health conditions and plan to use this as exclusively an investment vehicle rather than for health-related expenses
*Employer contributes ~$2,500 per year
Contributions
I prioritize contributions to the traditional 401k and Roth IRA, and aim to max out both by the end of the second quarter each year.
In the second half of the year, I aim to grow my emergency fund/savings. These will likely go into a bond ladder, but I'm open to other suggestions.
Questions
1. Can I improve the tax efficiency of my portfolio? Does it make sense to have any bond exposure in the Roth IRA or Traditional 401k?
2. Am I subject to wash sale rules between accounts? Should l consider restructuring assets?
3. Should I ever consider Roth conversions for the 401k?
4. At my age, should I be prioritizing contributions to retirement accounts ahead of savings for a home?
Very open to other thoughts and suggestions as well. Thank you!
Statistics: Posted by sixofswords — Sat Jun 22, 2024 5:00 pm — Replies 1 — Views 232