Here is how things stand, any comments welcome

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peterwantstosave
Posts: 85
Joined: Fri Nov 24, 2017 8:28 pm

Here is how things stand, any comments welcome

Post by peterwantstosave » Wed Jan 31, 2018 7:07 pm

Friends,

34/Male. Single, $46,500/year, South Carolina

$10,000 Emergency Fund (Credit Union Savings)
$95,000 House (Own Free & Clear)
Debt Free (Thanks Dave Ramsey!)

$35,500 Total Portfolio

$29,000 (403b & Old 401k (both @ TIAA))
$3,500 (Roth IRAs)
$3,000 (Taxable Brokerage)

Desired Asset Allocation: 55% US Stock/35% Intl Stock/10% Bonds

$19525 in Total Stock Mrkt (VTSAX) (available in 403b) & (VTI) Vanguard Total Stock Mkt ETF
$12425 in IShares Blackrock Intl in 403b and Vanguard Intl Indx (VXUS) in Roth IRAs
$3550 in CREF BOND in 403b

I think this works

Thoughts?

P

Edited to include fund names (thanks sandtrap!)
Last edited by peterwantstosave on Wed Jan 31, 2018 7:57 pm, edited 2 times in total.

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Duckie
Posts: 5949
Joined: Thu Mar 08, 2007 2:55 pm

Re: Here is how things stand, any comments welcome

Post by Duckie » Wed Jan 31, 2018 7:52 pm

peterwantstosave wrote:I think this works
I think so, too.

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Sandtrap
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Joined: Sat Nov 26, 2016 6:32 pm
Location: HawaiišŸ˜€ Northern AZ.šŸ˜³ Retired.

Re: Here is how things stand, any comments welcome

Post by Sandtrap » Wed Jan 31, 2018 8:04 pm

Simple and efficient. Very "Boglehead".
Congratulations on your successes and having your "ducks in order" at your age.
j :sharebeer

TallBoy29er
Posts: 476
Joined: Thu Jul 18, 2013 9:06 pm

Re: Here is how things stand, any comments welcome

Post by TallBoy29er » Wed Jan 31, 2018 8:12 pm

Own a home w/ no debt at age 34? NICE! You beat me by 5 years at least.

Keep doing what you are doing. You are leaps and bounds ahead of the majority. And more importantly, you have a plan, and are executing. Congratulations!

mortfree
Posts: 1262
Joined: Mon Sep 12, 2016 7:06 pm

Re: Here is how things stand, any comments welcome

Post by mortfree » Wed Jan 31, 2018 8:28 pm

You could liquidate the taxable investments and contribute towards your Roth.

Did you max 2017 Roth? You have until April 15.

Otherwise not much else to comment on.

rgs92
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Joined: Mon Mar 02, 2009 8:00 pm

Re: Here is how things stand, any comments welcome

Post by rgs92 » Wed Jan 31, 2018 9:44 pm

Well, looking back, it probably would have been better back in your 20's to hold a substantial mortgage and have invested more in the stock market, or at least in a high-stock-allocation portfolio. So I'm not sure Dave offered the best advice. You would most probably have a significantly higher net worth no if you had done this.

If I was advising a young person just starting out who owned a house, I would recommend maximizing retirement fund investments, with at minimum a 60/40 asset allocation, and just paying the mortgage payments as they were due, starting with a 20% down payment.

Paying off a 30 year mortgage is like buying a 4% CD, not something I would suggest for a young person.

I think a $35K retirement portfolio is too low for age 34. I don't know if you have a pension on the horizon, but if you do not, you really should have a goal of having at least $500,000 in a retirement fund 10 years from now and a million by age 50. (These are nominal dollars I'm talking about, not inflation adjusted, just for simplicity. These would roughly, along with Social Security, duplicate your income's purchasing power. This is a back-of-the-envelope ballpark estimate.)
Last edited by rgs92 on Wed Jan 31, 2018 9:56 pm, edited 4 times in total.

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bottlecap
Posts: 5817
Joined: Tue Mar 06, 2007 11:21 pm
Location: Tennessee

Re: Here is how things stand, any comments welcome

Post by bottlecap » Wed Jan 31, 2018 9:46 pm

You appear to be doing well financially and investment-wise. Keep up the good work.

JT

TwstdSista
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Joined: Thu Nov 16, 2017 4:03 am

Re: Here is how things stand, any comments welcome

Post by TwstdSista » Thu Feb 01, 2018 4:55 am

Nicely done! Keep contributing to those Roth IRAs (2017 and 2018 and ongoing).

peterwantstosave
Posts: 85
Joined: Fri Nov 24, 2017 8:28 pm

Re: Here is how things stand, any comments welcome

Post by peterwantstosave » Thu Feb 01, 2018 5:44 am

Thank you all

I appreciate the feedback.

stevekozak2
Posts: 40
Joined: Sun Dec 25, 2016 12:38 pm

Re: Here is how things stand, any comments welcome

Post by stevekozak2 » Thu Feb 01, 2018 6:13 am

Congratulations, Peter! I think you are doing great! Being 100% debt-free including your house means you can concentrate your income on investing (even if some do not realize it). I do agree with an above poster that you should go ahead and max your 2017 Roth IRA while you still have time. You are on your way to millionaire status, Sir! :beer

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