Emergency Fund: Yes (not included below). There are several scenarios because we are dual income and have a rental, so I'll spare the details, but I feel comfortable.
Reason for this post -- determine funds and allocations ... I can allocate the existing balances, but I get overwhelmed when factoring in the new contributions.
Long-term goals 1yr and beyond:
- Accumulate taxable wealth (supp income if retire before 59 1/2)
- Accumulate retirement growth & income
- Retirement overall, we want to reallocate to a less complicated situation.
- 200k mortgage bal (primary) 30yr @ 4.875% (27yrs remain)
- 128k mortgage bal (rental) 30yr @ 4.75% (30yrs remain - just refinanced after 8 years to help cashflow)
- 0 Auto, CC, student loans, etc.
Tax Rate: 25% FED 0% State
Age: 32m & 34f - both employed
Desired Asset allocation: 80/20
Current portfolio: 6 figures
Taxable: 0% (all taxable is cash in EF)
Ready to reallocate - current elections are irrelevant.
His Roth at Fidelity: 33.6%
Her Roth at Fidelity: 15.72%
His 401k (6-10% match): 37.94%
Her 401k (0% match): 10.03%
Her 401k #2(0% match): 2.71%
New Annual Contributions
- $5k his Roth
$5k her Roth
$17k his 401k
$7k her 401k
$120 her 401k #2 (seriously)
$5k taxable
Funds available in his 401k:
- XCT EQUITY INDEX TRUST CLASS C 0.10 S&P 500 Index
RPSIX SPECTRUM INCOME FUND 0.70 Bond
SVF-N TRP STABLE VALUE FUND - N 0.20 Money Market
TRRFX RETIREMENT 2005 FUND 0.58
TRRAX RETIREMENT 2010 FUND 0.61
TRRGX RETIREMENT 2015 FUND 0.65
TRRBX RETIREMENT 2020 FUND 0.69
TRRHX RETIREMENT 2025 FUND 0.72
TRRCX RETIREMENT 2030 FUND 0.74
TRRJX RETIREMENT 2035 FUND 0.76
TRRDX RETIREMENT 2040 FUND 0.76
TRRKX RETIREMENT 2045 FUND 0.76
TRRMX RETIREMENT 2050 FUND 0.76
TRRNX RETIREMENT 2055 FUND 0.76
TRRIX RETIREMENT INCOME FUND 0.56
- ING GNMA Income Fund - Class I 0.63 Bonds
Vanguard Target Retirement 2010 - Investor Shares 0.17
Vanguard Target Retirement 2015 - Investor Shares 0.16
Vanguard Target Retirement 2020 - Investor Shares 0.17
Vanguard Target Retirement 2025 - Investor Shares 0.18
Vanguard Target Retirement 2030 - Investor Shares 0.18 80/20
Vanguard Target Retirement 2035 - Investor Shares 0.19
Vanguard Target Retirement 2040 - Investor Shares 0.19
Vanguard Target Retirement 2045 - Investor Shares 0.19
Vanguard Target Retirement 2050 - Investor Shares 0.19
Vanguard Target Retirement 2055 - Investor Shares 0.19
ING U.S. Stock Index Portfolio - Institutional Class 0.26 Large Cap Index S&P500
Vanguard Mid-Cap Index Fund - Institutional Shares 0.08 Mid Cap Index
- VSCIX Vanguard Small Cap Index 0.13
WFBIX Blackrock Bond Fund Index 0.20
- Non-retirement ... US index? Tax exempt bond fund?
- Looks like wife's ER's are better, we can swap the new contribution amounts. Pull trigger?
- I don't have any intention of leaving Fidelity. I believe their spartan funds are competitive.
- My wife's employer has a great pension and she has over 10 years with them.
- Brain overload on allocaitons ... please help!
-Bill