Age 30 portfolio review

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Esq123
Posts: 30
Joined: Fri Dec 15, 2017 4:15 pm

Age 30 portfolio review

Post by Esq123 » Thu Jun 21, 2018 4:44 pm

Me:

Emergency fund: 15k
Other cash available in checking/savings: ~20k
Taxable account: ~50k all in FSTVX (contributing around 1k a month here;saving for goals over 10 years, but may not touch it for even longer.)
401k: ~15k in target date fund (contributing up to employer match at 6%)
HSA: ~3k (maxing it out this year) vanguard 500 index admiral shares
Debt: ~45k student loan at 4.5% fixed (goal is to pay this off in around 5 years)
Tax filing status: single but will be married this year.
Age: 30 no kids yet.


Her:

Trying to get her to invest more. But she is getting there. She has a good salary of ~140k. She is maxing 401k and HSA.

Together our household income is around 230k.

Let me know if you all think we are on the right track and suggestions are welcome.

Thanks all.
Last edited by Esq123 on Fri Jun 22, 2018 6:39 am, edited 1 time in total.

MDCrab
Posts: 8
Joined: Mon May 07, 2018 4:39 pm

Re: Age 30 portfolio review

Post by MDCrab » Thu Jun 21, 2018 4:54 pm

I would take the 1k you are putting in a taxable and max out your IRA (you'll likely have to use a backdoor Roth because of your income) and then switch to 401k once you hit the IRA limit. Are there short term or intermediate term savings goals preventing you from doing that?

Compound
Posts: 584
Joined: Mon May 26, 2014 1:32 pm

Re: Age 30 portfolio review

Post by Compound » Thu Jun 21, 2018 6:36 pm

How about focus on paying off those loans even faster? Redirect the money you are currently putting into taxable to loan repayment and take the guaranteed 4.5% interest rate. Then go back to taxable plus the backdoor Roth.

(FWIW at a 4.5% loan rate I’d probably contribute to the Roth now and put everything else you’re currently putting into taxable, which sounds like $7k extra per year, toward the loans.)

delamer
Posts: 5140
Joined: Tue Feb 08, 2011 6:13 pm

Re: Age 30 portfolio review

Post by delamer » Thu Jun 21, 2018 8:34 pm

Compound wrote:
Thu Jun 21, 2018 6:36 pm
How about focus on paying off those loans even faster? Redirect the money you are currently putting into taxable to loan repayment and take the guaranteed 4.5% interest rate. Then go back to taxable plus the backdoor Roth.

(FWIW at a 4.5% loan rate I’d probably contribute to the Roth now and put everything else you’re currently putting into taxable, which sounds like $7k extra per year, toward the loans.)

Seconded.

Esq123
Posts: 30
Joined: Fri Dec 15, 2017 4:15 pm

Re: Age 30 portfolio review

Post by Esq123 » Fri Jun 22, 2018 6:37 am

Thanks for the replies all.

I’ve been following this forum for a solid year or so. Trying to become great at saving/investing as you all are.

Saving in my taxable account for a house but flexible on the timeframe. I will give some thought to paying off loans at a quicker rate.

Post Reply