I am a recent graduate working on getting on track to retire. I'd appreciate any/all input and advice this forum can give! I have really enjoyed researching and learning from those of you that respond to posts on this forum and that has dragged me out of just lurking on the boards!
Emergency funds: Three months currently, slowly adding till I get to six
Debt: Student Loan - $6,600 (6.55% interest rate)
Tax Filing Status: Single
Tax Rate in 2013: Effective Fed: 11.2% Marginal Fed: 25% Marginal Iowa: 7.92%
State of Residence: Iowa
Desired Asset allocation: 90% stocks / 10% bonds (Currently at 87.7/12.3 across my entire portfolio)
Desired International allocation: 25% of stocks
Total portfolio Value: Approx. $15,000
My Roth IRA
V'gard Div. Growth (VDIGX) (.29) - 59.5%
STAR Fund (VGSTX) (.34) - 22%
Oakmark Int'l (OAKIX) (1.06) - 9.3%
Vanguard Wellington (VWENIX) (.17) - 9.2%
Available Options in my 401(K)
Pimco Total Return (PTTRX) (.46)
Vanguard Total Bond (VBTIC) (.07)
DFA Global Allocation 25/75 (DGTSX) (.28)
DFA Global Allocation 60/40 (DGSIX) (.30)
Dodge & Cox (DODGX) (.52)
Munder-Veracity Small Cap (VSVIX) (1.25)
Vanguard S&P 500 (VINIX) (.04)
Vanguard Small Cap Growth (VSGIX) (.08)
Artisan Int'l (ARTIX) (1.19)
DFA Global Equity (DGEIX) (.33)
Also the other two that I am currently investing in and a MM.
New Annual Contributions
$3,500 to 401(K) (This will get me the largest possible match from my employer, 3% on the first 6% contributed and i would contribute a little more)
$5,500 to Roth IRA
1. How should I best utilize the options inside of my company 401(K)?
2. My thought process in terms of allocating cash for investment goes: Get company match in 401(K) - Max Roth IRA - Split add'l cash between savings and paying extra on my Student Loan. Does that make the most sense?
3. My girlfriend is about to start working as a grade-school teacher. Any advice or tips on how to help someone gain basic financial knowledge of investing etc. without overloading them?
I look forward to learning from the collective input on this board. Hopefully someday I can provide some advice as well!