Emergency funds: 4-5 months of expenses
Tax filling status: Single
13.5% Federal, 5.4% State (after maximum retirement contributions)
17.7% Federal, 7.2% State (before any retirement contributions)
Tax bracket: 24%
State of Residence: CA
Age: early 20s
Desired Asset allocation: 80% stocks, 20% bonds
Desired International allocation: not sure
Current retirement assets
5.67% VFINX (Vanguard 500 Index Fund Investor Shares) (0.14%)
5.1% ALLY, COST, MSFT, SQ, TEAM, TSLA (on Robinhood)
18.75% VTTSX (Vanguard Target Retirement 2060 Fund Investor Shares) (0.15%)
1.24% VOO (Vanguard S&P 500 ETF) (0.04%)
45.71% VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) (0.04%)
New annual contributions
$5,500 in traditional IRA
$18,500 in traditional 401(k) (50% of the first 4%)
Funds available in 401k
Code: Select all
VLXVX (Vanguard Target Retirement 2065 Inv) (0.15%) VTTSX (Vanguard Target Retirement 2060 Inv) (0.15%) VFFVX (Vanguard Target Retirement 2055 Inv) (0.15%) VFIFX (Vanguard Target Retirement 2050 Inv) (0.15%) VTIVX (Vanguard Target Retirement 2045 Inv) (0.15%) VFORX (Vanguard Target Retirement 2040 Inv) (0.15%) VTTHX (Vanguard Target Retirement 2035 Inv) (0.14%) VTHRX (Vanguard Target Retirement 2030 Inv) (0.14%) VTTVX (Vanguard Target Retirement 2025 Inv) (0.14%) VTWNX (Vanguard Target Retirement 2020 Inv) (0.13%) VTXVX (Vanguard Target Retirement 2015 Inv) (0.13%) VTINX (Vanguard Target Retirement Income Inv) (0.13%) VEVIX (Victory Sycamore Established Value I) (0.62%) GOBIX (BrandywineGLOBAL Global Opport Bond I) (0.69%) MADVX (BlackRock Equity Dividend Instl) (0.73%) PRRIX (PIMCO Real Return Instl) (0.88%) VMMXX (Vanguard Prime Money Market Inv) (0.16%) PRRSX (PIMCO Real Estate Real Ret Strat Instl) (1.26%) RNGGX (American Funds New Economy R6) (0.46%) POAGX (PrimeCap Odyssey Aggressive Growth Fund) (0.64%) RERGX (American Funds EuroPacific Gr R6) (0.49%) DFFVX (DFA U.S. Targeted Value Portfolio I (0.37%) HSIIX (Carillon Eagle Small Cap Growth I) (0.78%) MDISX (Franklin Mutual Global Discovery Z) (0.96%) BRHYX (BlackRock High Yield Bnd Portfolio K) (0.54%) VEMAX (Vanguard Emerging Mkt Stk Index Adm) (0.14%) VIMAX (Vanguard Mid Cap Index Adm) (0.05%) VTIAX (Vanguard Total Intl Stock Index Adm) (0.11%) VBTLX (Vanguard Total Bond Market Index Adm) (0.05%) VTSAX (Vanguard Total Stock Mkt Index Adm) (0.04%) VSMAX (Vanguard Small Cap Index Adm) (0.05%) VFIAX (Vanguard 500 Index Adm) (0.04%) PTRQX (PGIM Total Return Bond CL R6) (0.41%)
I've been maxing out my IRA and 401(k) accounts for the last two years and recently started contributing to personal taxable accounts. I started with Wealthfront and eventually created a Vanguard account and decided to create my own portfolio, so I moved all of my funds from the Wealthfront account (all ETFs) and sold them. Here are questions:
1. What bonds should I get for my 401(k) considering my options?
2. I want to have majority of my holdings in VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) (0.04%) but I'm not sure about the allocation % and what the rest of the stocks should be. For example, what international fund I should get (if I should get one at all, for diversity it would be great, but would it make any sense for me to minimize potential loses in expense of better gains considering my age)? I was also considering VHCIX (Vanguard Health Care Index Fund Admiral Shares) but I don't know have much experience with sector based investing and again, I am not sure what % allocation I would choose.
3. How should I allocate my stock funds across multiple accounts? For example, if I would also have some of the VGTSX (Vanguard Total International Stock Index Fund Investor Shares), should I have them on IRA or taxable account?
4. I am in my early 20s and I am still very much unsure about my personal and financial goals, so I'm not sure if that would be a smart decision for me to invest everything instead of saving a portion of my money into savings account for potential short-term goals? (This question probably belongs to "Personal Finance" but I assume it would really affect my portfolio allocation decision).
5. Generally, is there anything that I should look out for while manually exchanging funds in retirement accounts?
Thank you very much!