I'm a frequent visitor of the forum and greatly appreciate the insight I've gained. I've followed the 3-fund model for the past few years and, after maxing both 401k and Roth, I decided to focus more on a brokerage account per helpful advice I received here.
From a fund selection/tax perspective, am I making appropriate use of my brokerage account? Is there something I should be considering?
I'd like to save for a downpayment for home. Is my use of a money market fund reasonable for this goal?
Here's my current situation:
Emergency funds: ~12% of pre-tax income (I'm focused on building this up)
Tax Filing Status: Single
Tax Rate: 24% Federal, 6% State (Virginia)
Debt: Car loan - 0.9%
Age: late 20s
19k to 401k per year (+ 3% match)
6,000 to Roth per year
Total Investments - 100%
- Vanguard Brokerage
- Federal Money Market (VMFXX) - 26%
- Total Stock Market Index Fund Admiral Shares (VTSAX) - 7.5%
- Total International Stock Index Fund Admiral Shares (VTIAX) - 7%
- Vanguard Roth IRA
- Total Bond Mkt Index Adm (VBTLX) - 5%
- Vanguard Total Stock Market Index Admiral (VTSAX) - 2.5% building this up rather than bonds
- Vanguard 401k
- Vanguard Total Bond Market Index Adm (VBTLX) - 8%
- Vanguard 500 Index Fund Admiral Shares (VFIAX) - 24%
- Vanguard Small Cap Index Adm (VSMAX) - 5%
- Vanguard Total Intl Stock Index Adm (VTIAX) - 15%
- HSA - $3500
- Domestic Stocks: 52%
- International Stocks: 30%
- Bonds: 18 %
Thanks for the help!