[Need Investment] Advice

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
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money100
Posts: 2
Joined: Fri Oct 12, 2018 11:31 am

[Need Investment] Advice

Post by money100 » Fri Oct 12, 2018 11:56 am

Hi,

I needed advice if i am on track with my investments
Currently have:
1. 401K about 120K
-Bond 20%
-Guaranteed funds - 22%
-Equities around 50%
- Mix fund - 8%
2. Roth IRA started last year = 10K currently invested in fidelity funds: FBGRX, FFNOX,FSTVX (fidelity)

I want to start a taxable account with fidelity but not sure where to start, which ones are the best to keep in a taxable account also for a person just starting off?

I am not doing a traditional IRA as it seems i will not get any deductions.

Married and a home owner and age high 30's.

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ruralavalon
Posts: 14072
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: [Need Investment] Advice

Post by ruralavalon » Fri Oct 12, 2018 4:30 pm

Welcome to the forum :) .

More info is necessary, such as any debt, your tax bracket, your tax filing status, how much you contribute to investing annually, the funds you are using in your 401k, the funds offered in your 401k. Please see the post "Asking Portfolio Questions" for information needed and format. Please always give fund names, tickers and expense ratios.

You can simply add this to your original post using the edit button (the pencil icon near the upper right corner of your post), it helps a lot if all of your information is in one place.


money100 wrote:
Fri Oct 12, 2018 11:56 am
Hi,

I needed advice if i am on track with my investments
Currently have:
1. 401K about 120K
-Bond 20%
-Guaranteed funds - 22%
-Equities around 50%
- Mix fund - 8%
2. Roth IRA started last year = 10K currently invested in fidelity funds: FBGRX, FFNOX,FSTVX (fidelity)

I want to start a taxable account with fidelity but not sure where to start, which ones are the best to keep in a taxable account also for a person just starting off?

I am not doing a traditional IRA as it seems i will not get any deductions.

Married and a home owner and age high 30's.
You may be able to contribute to a Roth IRA, the income limit for contributions is higher than for a traditional deductible IRA.

In a taxable account use very tax-efficient stock index funds.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Taylor Larimore
Advisory Board
Posts: 27508
Joined: Tue Feb 27, 2007 8:09 pm
Location: Miami FL

Re: [Need Investment] Advice

Post by Taylor Larimore » Fri Oct 12, 2018 6:38 pm

money 100:

Welcome to the Bogleheads' Forum!

This is a link to "Asking Portfolio Questions" mentioned by ruralavalon:

viewtopic.php?f=1&t=6212

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

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