Background:
- - 32 and I make about 50k/yr with bonuses
- No credit card debt
- Only debt I have is my mortgage and living expenses
- Currently I contribute to a separate Roth IRA held at Fidelity and a 401k through my employer.
- I am currently contributing 12% of my salary for my 401k. And any spare cash for the Roth. (So far this year I only contributed $500)
- I may have a possible high 6 figure or low 7 figure inheritance, but I don't want to rely on this. And would like to plan as if I will not be receiving any inheritance
401k:
Current allocation: Total balance: Around 18k
- - Vanguard Target Retirement 2050 Inv VFIFX $2,600
- Vanguard 500 Index Admiral VFIAX $15,050
- Key Guaranteed Portfolio Fund 1.2 % return $400
Weekly paycheck allocation:
- - 60% Vanguard 500
- 30% Target 2050
- 10% Guaranteed
- Vanguard Target Retirement Income Inv VTINX
Vanguard Target Retirement 2010 Inv VTENX
Vanguard Target Retirement 2015 Inv VTXVX
Vanguard Target Retirement 2020 Inv VTWNX
Vanguard Target Retirement 2025 Inv VTTVX
Vanguard Target Retirement 2030 Inv VTHRX
Vanguard Target Retirement 2035 Inv VTTHX
Vanguard Target Retirement 2040 Inv VFORX
Vanguard Target Retirement 2045 Inv VTIVX
Vanguard Target Retirement 2050 Inv VFIFX
Vanguard Target Retirement 2055 Inv VFFVX
American Funds Intl Gr And Inc R6 International Funds RIGGX
American Funds New World R6 International Funds RNWGX
Vanguard Developed Markets Index Admiral International Funds VTMGX
Vanguard Small Cap Growth Index Admiral Small Cap Funds VSGAX
Vanguard Small Cap Index Adm Small Cap Funds VSMAX
Vanguard Small Cap Value Index Admiral Small Cap Funds VSIAX
Janus Enterprise N Mid Cap Funds JDMNX
Vanguard Mid Cap Index Fund - Admiral Mid Cap Funds VIMAX
Wells Fargo Advantage Spec Md Cp Val R6 Mid Cap Funds WFPRX
American Funds AMCAP R6 Large Cap Funds RAFGX
JPMorgan Equity Income R6 Large Cap Funds OIEJX
Vanguard 500 Index Admiral Large Cap Funds VFIAX
JPMorgan Government Bond Select Bond Funds HLGAX
Metropolitan West Total Return Bond I Bond Funds MWTIX
Vanguard Interm-Term Bond Index Adm Bond Funds VBILX
Key Guaranteed Portfolio Fund Fixed
I am looking to be a bit more aggressive. 80/20 or 70/30 stocks/bonds
I know I shouldn't be invested in a target date fund and a fixed income fund. That is why I am here.
Another side note is most of the funds that I am considering are adm. I don't have enough to invest in these funds yet?
Roth IRA: Total Balance: about $8650
- Fidelity Contrafund - FCNTX - $4550
Fidelity Low Priced Stock - FLPSX - $4100