Televators wrote:... but I am a little overwhelmed and worried about screwing something up.
Don't worry too much about this. At first it can be confusing because there are so many "rules", but once you figure out which rules trump the others, it suddenly falls into place.
3. I feel like I have a lot of options, and my money is in a lot of funds/stocks. Is there a way to simplify this, but still be safe?
Things can be much simpler. It will also be easier to understand when it is simpler.
4. I have a lot of my portfolio in stock options, and I'm not sure how to treat those differently if appropriate?
Your stock options are the biggest weak point in your situation. Not that stock options are bad, just that you have too much of your wealth tied up in the same company that pays your salary. You need to reduce your stock options considerably. What are the tax consequences of doing something with the options?
Emergency Funds: 4 Months Expense in Cash (starting to look for a better option than savings)
You might increase this to 6 months. There's not a lot of choices other than savings. You could look at CDs for part of your emergency fund. You could consider I Bonds (realizing the money is NOT AVAILABLE for a year so you have to tread carefully there), or you could use some short term bonds for a little of it.
Desired Asset allocation: 70% stocks / 30% bonds (very much would like feedback, kind of copying what I see others do in similar situations)
Desired International allocation: 25% of stocks (same here)
These are both reasonable choices for your age.Current retirement assets
Taxable account at Fidelity
1.78% Stock - International Business Machines (IBM)
0.32% Sprott Physical Silver Trust (PSLV)
5.60% Stock - Starbucks Coffee (SBUX)
2.81% Restricted Stock Units - Starbucks Coffee (SBUX)
21.70% Employee Stock Options (fully vested)- Starbucks Coffee (SBUX) You should not be putting retirement money into a taxable account until you fill all your tax-advantaged accounts. And you should also not be saving money in a taxable account when there is moderate to high interest debt that you could pay off. What would be the tax consequences of getting rid of some of this?
His 401k at Fidelity <--This is way more funds than you need in this one account. But let's hear your plan for the taxable account before dealing with this.
[/b]19.75% Vanguard Target Retirement 2045 Trust II 0.13%
10.01% Vanguard Institutional Index Fund Institutional Shares (VINIX) 0.04%
5.72% Vanguard Total International Stock Index Fund Signal Shares (VTSGX) 0.16%
4.53% Vanguard FTSE Social Index Fund Institutional Shares (VFTNX) 0.16%
4.24% Vanguard Total Bond Market Index Fund Signal Shares (VBTSX) 0.10%
2.71% Vanguard Small Cap Index Fund Signal Shares (VSISX) 0.10%His Roth IRA at Fidelity – Opened in 2012 <---much improvement possible here
[/b]0.78% Stock – American Tower Corporation (AMT)
1.01% Stock – Amazon.com Inc. (AMZN)
0.89% Stock – Disney Walt Co (DIS)
0.89% Stock – International Business Machines (IBM)
2.18% Cash (Just deposited for 2013)Her 401k at 401Save.com (not very user friendly) <--again, many more funds than needed
[/b]1.56% American Funds Growth Fund of Amer A (AGTHX) 0.71%
1.60% American Funds Washington Mutual A (AWSHX) 0.62%
1.55% American Funds Invmt Co of Amer (AAIVSX) 0.62%
1.47% American Funds EuroPacific Gr A (AEPGX) 0.84%
1.65% American Funds Smallcap World A (SMCWX) 1.14%
6.85% American Funds Bond Fund of Amer A (ABNDX) 0.60%Contributions
New annual Contributions
MAX his 401k (Company match 4-6% based on company performance) <--we need a number for the match
5% of salary (~$3000) her 401k (Discretionary company match up to 5%)
MAX his ROTH IRA (maxed for 2013)
Restricted Stock Units - Starbucks Coffee (SBUX) based on company performance <--Is this a bonus? Is this a match to your 401k?
~13% of salary Employee Stock Options - Starbucks Coffee (SBUX) <--is this by choice? If so, STOP DOING THIS till you get your company stock to a much smaller percentage of your savings.
[b]Funds available in his 401k <--many good choices
[b]Funds available in her 401k <--not great, but usable