Hi Everyone, need some help with your advice about my investments.
I'm a 38 year old physician with 3 kids and a stay at home wife.
No debts except a 7/30 mortgage with an interest rate of 2.375%.
Monthly payment right now is $5300. The fixed period is up in 2019.
I earn a w2 salary as well as other contracting work with a 1099.
no state tax
marginal federal tax bracket 39.6%
403B (PREVIOUS EMPLOYER)
VANGUARD 2035 $67,244
VANGUARD 2035 $40,279
457B (PREVIOUS EMPLOYER)
3 SEPARATE ACCOUNTS FOR 3 KIDS
SEP IRA at work
all in MIdcap with 5.5% sales fee
but 3% match to max $7500
I'm trying to fully fund the SEP IRA each year to get the match from employer and fully fund the simple ira.
(I did some research on the IRS website and apparently I can have both a sep and the simple ira. IS THAT CORRECT)
In addition, I'm also adding about $100,000 - $150,000 each year post tax into vanguard.
My goals with the 529 each year is to add about $10,000 per kid.
I'm not sure what asset allocation I should be seeking. I wish to be aggressive.
I'm avoiding pay down my mortgage..but will have to pay it down substantially by 2019 to get into non-jumbo loan status.
I have a principal agent trying to sign me to an investment plan with 1% fee.
All suggestions are welcome.
I am set with $2 million term life and comprehensive disability insurance.
I have a $5 million umbrella policy. (overinsurance)?