Taxable – 52%
11 %TIAA Inst’l Equity Index (TINRX) (0.44%)
6% TIAA Mid Cap Growth (TCMGX) (0.95%)
14% Fidelity Total market Index (FSTMX) (0.1%)
3% Janus Twenty (JAVLX) (0.84%)
1% VG Total Int’l Stock Index (VGTSX) (.34%)
5% Fidelity Spartan Int’l Index Investor Class (FSIIX) (.10%)
3% Fidelity NY Muni Income (FTFMX) (.47%)
2% PR Muni Bond @5.125% due 2024
Small amounts in individual stocks just for the ‘fun’ of it
Tax Advantaged – 48%
His 403b- maxed out with full match
1% TIAA Traditional
17% CREF Stock (0.62%)
2% CREF Growth (0.63%)
2% CREF Equity Index (0.56%)
9% CREF Global Equities (0.66%)
3% TIAA Real Estate (0.84%)
For the taxable stuff, you would have to know how much of a tax hit you would take, how much profit are in the funds? Also, since capital gains is going to go from 15 to 20 per reports, it may be a good time to switch out, but it gets dicey to talk about it since I have no clue how much taxable gains you have in the taxable accounts.
For the above tax advantaged, its easier.
You need to figure out an asset allocation first I would posit:
So far its
80 stocks 20 bonds
1)How much international do you want. I would go with a 50/50 US foreign split, some recommend 30 percent, you mention 20 percent. Seems like a lot of one country risk to me, the US may not be dominant going forward, I would go with 30-50 percent internation of your stock allocation.
2)Do you want a REIT allocation or not? I go by the rule that if its not 5 percent or more, do not mess with it.
3)Bonds- I would go with aggregate bonds and tips bonds, split 50/50. You would put your Bond allocation in your tax advantaged space.
Just a random guess here:
80/20 stock/bonds split
40 percent US, 40 percent World
10 percent Aggregate US TBM, 10 percent TIPS
That would be the simplest goal.
Decide want you want to do first, whats your goal allocation, then make it fit, and if you really cant, then change your allocation so it fits. Like if no TIPS available to your in tax advantaged, us 20 percent Aggregate bonds and 0 TIPS. If you want REITS, throw a 10 percent allocation in there and subtract it out from your stock.
Put Index US and index Foriegn stock funds in taxable.
Bonds and REITS go in tax advantaged.
Skip the municiples, you do not need them. You have plenty of space.
Really, in taxable, with new money, and any money cash you generate from selling old stuff, I would either
1)go vanguard mutual fund
2)buy vanguard ETFS
The expense ratios are better. But I will stick with your funds below.
Now, the way I would approach the taxable stuff, is if you think the tax hit is too high to sell it, then keep it, maybe put it "off portfolio" in a lump, and leave it there forever. I assume your new investments will make whatever you choose to do this with increasingly irrelevant as new money is added in. I would be biased towards just clearing all the junk out though, maybe take a small tax hit, but its your call. I still hold exxon stock, and PG stock that is now only 1 percent of my portfolio, whereas earlier on, it was more like 10 percent. Its off portfolio, and is becoming more and more irrelevant.
Below, I tried to keep your funds you selected for the asset classes above. I got rid of all the "clutter" including the annuities, which you may not be able to get rid of easily, you may take them off allocation. Anyway, here it is:
80/20 stock bond
-40 US TSM (using sp500 as a proxy for 8 percent of it)
-10 US TBM
-10 US TIPS
Taxable 52 percent
12 Fidelity Total market Index (FSTMX) (0.1%)
40 Fidelity Spartan Int’l Index Investor Class (FSIIX) (.10%)
Tax Advantaged – 48%
His 403b- 34%
20% CREF Equity Index (0.56%) US index
10 CREF Bond Market (0.58%)
4 CREF Inflation Linked Bond (0.50%)
His Traditional IRA 1 percent
1% CREF Inflation Linked Bond (0.50%)
His SEP IRA 1 percent
1% TIAA-Cref Inflation Linked Bond- Retirement Class (0.59%)
Her GSRA 4 percent
4% CREF Inflation Linked Bond (0.50%)
Her Roth IRA 5 percent
5% Fidelity Spartan 500 Index (FSMKX) (0.1%)
Her Traditional IRA 3 percent
3% Fidelity Spartan 500 Index (FSMKX) (0.1%)
I believe that adds up to a 80/20 portfolio with: 40 international, 40 US, 10 TIPS 10 US TBM split.
That is one way to simplify your portfolio at present. It would be nice to roll over some of the seperate accounts into one IRA at say vanguard or fidelity if you prefer. But its not really necessary per se, especially if you can use a spreadsheet to integrate the portfolio easily. I have mine spread over 8 accounts at present.
Hope that gives you some ideas. the main thing is to get a goal/allocation, then stick to it going forward.