First time poster. For past 15 years, except participating in 401K plans, we never invested our savings (

Past 10 years savings and proceeds through sale of my start up business last year are sitting in brokerage account :2M Need some guidance on how to pull the trigger and start investing. Was in highest tax bracket for past few years, after sale of the business, will make less now for
at least 2-4 more years, by design
Emergency funds : 6 month expense kept at Capital one 360
Debt : Home mortgage of $275K at 2.75%, home value is about 650K
Tax filing status : MFJ
State : MA
Tax rate : 28% and 5.15% (together, pull in about 350k annually)
Age : 43 and 40 (she)
Desired AA : Need help
Current retirement assets :
His 401K : 160K - Lord Abbott fixed income fund (1.00% ER) no employer match and not a great plan
Her 401k : 354K - VBMPX Total bond market index (0.06% ER) 5% match
Her Pension plan : 25K, 4k employer contribution per year (not part of AA)
Just converted them to bond funds from equities, initial step of making an AA plan based on tax efficiency
His and Her IRA : Total of 90K at Fidelity, traditional non deductable, will convert them to backdoor Roth after paying taxes on appreciation
100% in FUSVX (0.04% ER) Fidelity S&P Index fund
Contributions :
$18k his 401K
$18K plus match $5K - her 401K
$5.5K each to Traditional IRA
10K to child’s 529 plan (total of 80K, only kid, 7 yrs old) not part of AA
Apart from these assets :
Own a professional condo outright, worth $250K earning monthly rent $3.5K
Invested about $200k in some real estate projects as minority stake holder (small private REIT), showing some promise. Will know results in next 2-5 years, should be worth 400k in 10 years
Due to above exposure, won’t invest in REIT’s
I own some private stock in a VC fund, worth 350K now, could be 0-500K and taxes in 2-3 years
We would love to be financially independent soon. Wife wants to quit job in 5 years and I don’t mind working 10-15 years FT and then Part time.
Our SS could provide us 40-50K per year if we wait til 67. We need about 160K in retirement and 4M is our target for the nest egg.
We need help in Asset Allocation. I have access to a flat fees DFA fund advisor who prefers DFA funds to Vanguard index funds. I have a full blown paralysis by analysis. We figured 60% bonds will limit the asset depreciation in worst case scenario.
I need help in making my AA plan, presently about 20% in 401k’s in Bonds and 4.5% in Equities , soon to be Roth IRA
These are the funds I picked based on my reading for the taxable account, remaining 75.5% of investable assets.
Bond funds (tax free) didn't adjust the yields given
- Short term - VMLUX (0.09% ER) 1.2% Yield
- Intermediate - VWIUX (0.09% ER) 1.72% Y
- Longer high yield - VWALX (0.09% ER) 2.86% Y
Bond funds, Taxable Investment grade
- short term - VFSUX (0.10% ER) 2.04% Yield
- Intermediate - VFIDX (0.10% ER) 2.63%
-Intermediate - VBILX (0.07% ER) 2.47%
- DFTEX (0.22% ER) 2.9%
Treasuries - VFIUX (0.10% ER) 1.74%
International Bond fund DFGBX (0.27% ER) - 1.52%
Equities :
Small cap : VSIAX (0.07% ER)
Mid cap : VTCLX (0.09% ER)
: VIMAX (0.06% ER)
Large cap : VFIAX (0.04% ER)
Large Val : VVIAX (0.06% ER)
VCSAX (consumables) (0.10% ER)
VWIAX (0.15% ER) Wellesley fund
International equities :
Large blend : DFALX (0.23% ER)
Large Value : VTRIX (0.43% ER)
small-Mid : VFSVX (0.27% ER)
Emerging mkts : VEMAX (0.14% ER)
Diversified : VHGEX (0.51% ER)
I need to know the right asset allocations and very nervous about entering the market now(all the indices are highest ever)
Worried about bond funds, interest rates are gonna go up soon bringing the NAV down. I can add in about 100K in savings for next 15 years and I will hit my Target, even if I don’t take any risk, I just need to be ahead of inflation
I am totally lost, I know we can’t market time and also know if I have been investing that money I would have at least 500K more in that account by now.
Thanks in advance