So grateful I found this informative site with awesome ppl sharing portfolio wisdom around 7y ago while managing my dad's assets as co-trustee. His portfolio was a mess of aweful annunities sold to him by a snake that i surrendered as soon as i was made aware. Dad passed peacefully December 2022 due to dementia in my home with hospice care. All assets have distributed to heirs and his modest home was finally sold March 2024 after rehab.
I am requesting portfolio review for myself, here goes...
Retired eariler than expected with 38 years of Civil Service, blessed to have CSRS inflation adjusted pension gross 64524 (2024), currently there is at least 1200+ monthly to move into Taxable account, Basically I am investing for my kids and grands. I am not eligible and will not collect Social Security, I own my modest home est 150k in LCOL area. I do spend on family experiences, dining out and local vacations. Seems I have already reached the "go slow" period of aging due to osteoarthritis.
Emergency Fund: Yes,
Debt: None, I use cash rewards cc and payoff monthly, occurs no interest
Tax filing: Single
Tax Rate: 22% Fed, 0% State
State of Residence: Oklahoma
Age: 63
Desired AA: 75%/25%
Desired International: currently 0%
Current AA: 68%/32%
Approximate Portfolio: 637k
Current retirement assets:
Taxable:
2k cash for investing
38% VTSAX Total Stock Market Index er 0.04%
25% Short Term Tbills
7% iBonds
TSP:
15% all in C Fund er 0.054%
Vanguard Roth IRA:
10% VTSAX Total Stock Market Index er 0.04%
5% VIGAX Growth Index Fund er 0.05%
Vanguard Rollover IRA
currently 0%, used for TSP rollover to Roth once TSP reaches magic number >110k (I roll at least 10k at a time)
Questions/my explanations
I intend to continue to buy ibonds, 20k annually. My kids will be in their early 60s when these mature (if not needed for my long term care). Also, if allowed, I may redeem some ibonds >5y for grands higher education if needed
About half (around 80k) of the Taxable Tbills are earmarked for new car purchase, 2025 ibond purchase and future home improvements. Plus I am currently gifting to my 3 children, currently 30k this year (10k each 2024), they loved their Grandpa and he was a big part of their childhood.
The other half of Tbill balance is from Dad's recent home sale.
My kids are also in 22% Federal tax rate. I desire the Roth IRA to continue to accept TSP rollover. This is why TSP is 100% C Fund rather than G Fund.
Is leaving TSP all in C Fund the right way to go?
Or do you recommend I buy VTSAX taxable from the home sale move TSP to G Fund? (Letting go of future Roth rollovers) being mindful of Top of 22% tax rate and Medicare IRMAA. I will purchase Medicare B in fall of 2025 and keep my Federal heath insurance as secondary btw
All other recommendations are greatly appreciated!
I am requesting portfolio review for myself, here goes...
Retired eariler than expected with 38 years of Civil Service, blessed to have CSRS inflation adjusted pension gross 64524 (2024), currently there is at least 1200+ monthly to move into Taxable account, Basically I am investing for my kids and grands. I am not eligible and will not collect Social Security, I own my modest home est 150k in LCOL area. I do spend on family experiences, dining out and local vacations. Seems I have already reached the "go slow" period of aging due to osteoarthritis.
Emergency Fund: Yes,
Debt: None, I use cash rewards cc and payoff monthly, occurs no interest
Tax filing: Single
Tax Rate: 22% Fed, 0% State
State of Residence: Oklahoma
Age: 63
Desired AA: 75%/25%
Desired International: currently 0%
Current AA: 68%/32%
Approximate Portfolio: 637k
Current retirement assets:
Taxable:
2k cash for investing
38% VTSAX Total Stock Market Index er 0.04%
25% Short Term Tbills
7% iBonds
TSP:
15% all in C Fund er 0.054%
Vanguard Roth IRA:
10% VTSAX Total Stock Market Index er 0.04%
5% VIGAX Growth Index Fund er 0.05%
Vanguard Rollover IRA
currently 0%, used for TSP rollover to Roth once TSP reaches magic number >110k (I roll at least 10k at a time)
Questions/my explanations
I intend to continue to buy ibonds, 20k annually. My kids will be in their early 60s when these mature (if not needed for my long term care). Also, if allowed, I may redeem some ibonds >5y for grands higher education if needed
About half (around 80k) of the Taxable Tbills are earmarked for new car purchase, 2025 ibond purchase and future home improvements. Plus I am currently gifting to my 3 children, currently 30k this year (10k each 2024), they loved their Grandpa and he was a big part of their childhood.
The other half of Tbill balance is from Dad's recent home sale.
My kids are also in 22% Federal tax rate. I desire the Roth IRA to continue to accept TSP rollover. This is why TSP is 100% C Fund rather than G Fund.
Is leaving TSP all in C Fund the right way to go?
Or do you recommend I buy VTSAX taxable from the home sale move TSP to G Fund? (Letting go of future Roth rollovers) being mindful of Top of 22% tax rate and Medicare IRMAA. I will purchase Medicare B in fall of 2025 and keep my Federal heath insurance as secondary btw
All other recommendations are greatly appreciated!
Statistics: Posted by AvidGardener — Thu May 16, 2024 12:30 pm — Replies 1 — Views 142