After posting in the wrong format (my apologies!), I am taking the smart advice to post a new thread with this format. Hope I did it right this time, it's been a while since I've been on here and am usually a reader vs a poster. Original post: viewtopic.php?t=395715
Questions are listed below the details! Thanks ahead of time for your thoughts!
Emergency funds: We have 9 months saved in a high-yield savings account (currently gaining 3.3%).
Debt: We pay our credit cards off each month, and have no student loan debt remaining nor car loans anymore. We do have a mortgage: $560,000 remains (5.125%) and we pay the monthly due in full each month (+$400 extra towards principal)
Tax Filing Status: Married filing jointly; also worth noting that I also have an LLC as a side job with taxes. We currently work with a tax advisor to help us with our taxes at this time.
Tax Rate: 32% Federal, 6.85% State (NY)
State of Residence: New York
Age: Me: 35, spouse: 40
Desired Asset allocation: 70% stocks / 25% bonds / 5% cash
Desired International allocation: ~20% of stocks
Please provide an approximate size of your total portfolio (as in 50K, 700k, 1.4M, etc.) or as (high four-figures, mid five-figures, low six-figures, etc.).
Current retirement assets
28.6% cash (for investing – do not include emergency funds)
34.3% stock CRWD (from RSUs from former job; plan to sell soon)
24.0% FA FREEDOM 2045 (0.5% expense ratio)
My Roth IRA at Vanguard
0.86% Vanguard Target Retirement 2055 (ticker symbol) (0.08% expense ratio)
My company's ESPP
Contributing 15% of net take home; includes lookback period; 15% discount; able to sell quarterly (my personal plan is to sell right after vesting each quarter)
12.24% FA FREEDOM 2040 (0.5% expense ratio)
New annual Contributions
$22,500 my 401k (1% employer match)
$22,500 spouse 401k (6% employer match)
$0 my roth IRA (no longer able to)
Funds available in our 401(k)s
Fund name (ticker symbol) (expense ratio)
Code: Select all
FID 500 INDEX (FXAIX) 0.015% FID TOTAL MKT IDX (FSKAX) 0.015% FKLN RISING DIVS R6 (FRISX) 0.53% PUTN LG CP VAL TR IA 0.33% FID EXTD MKT IDX (FSMAX) 0.035% MFS MID CAP VALUE R6 (MVCKX) 0.64% FID SM CAP IDX (FSSNX) 0.025% FID GLB EX US IDX (FSGGX) 0.055% HTFD INTL OPPS R6 (IHOVX) 0.69% INVS GLOBAL R6 (OGLIX) 0.66% FID REAL ESTATE IDX (FSRNX) 0.07% AB US LG CP GR CIT L 0.35% GS MID CP GROWTH R6 (GGOUX) 0.99% BLKRK GLOBAL ALLOC K (MKLOX) 0.81% FA FREEDOM 2005 Z6 (FYGLX) 0.37% FA FREEDOM 2010 Z6 (FUGLX) 0.38% FA FREEDOM 2015 Z6 (FIGLX) 0.40% FA FREEDOM 2020 Z6 (FOGLX) 0.42% FA FREEDOM 2025 Z6 (FPGLX) 0.44% FA FREEDOM 2030 Z6 (FDGLX) 0.46% FA FREEDOM 2035 Z6 (FHGLX) 0.48% FA FREEDOM 2040 Z6 (FKGLX) 0.50% FA FREEDOM 2045 Z6 (FCGLX) 0.50% FA FREEDOM 2050 Z6 (FVGLX) 0.50% FA FREEDOM 2055 Z6 (FBGLX) 0.50% FA FREEDOM 2060 Z6 (FNGLX) 0.50% FA FREEDOM 2065 Z6 (FDFRX) 0.50% FA FREEDOM INCOME Z6 (FEGLX) 0.37% FID US BOND IDX (FXNAX) 0.025% HTFD STRAT INC R6 (HSNVX) 0.54% JPM CORE BOND R6 (JCBUX) 0.35% PIM REAL RETURN INST (PRRIX) 0.47% FID GOVT MMKT K6 (FNBXX) 02/05/1990 0.27% BROKERAGELINK
1. We have a good amount in cash (boo, I know!) in part from selling our home last year. We'd like to put this into investing and setup a 3- or 4-fund portfolio. Looking for advice on what funds to select. Ultimate goal is all for a comfortable and hopefully early retirement. If helpful additional context, no kids today nor planned.
2. Is there a good suggestion on where to invest in the funds we pick (Vanguard vs Schwab vs Fidelity, etc)?
3. I do like getting involved and learning as I invest, but also don't feel comfortable 100% handling everything alone. Compared to my spouse, who does not like getting involved in the day-to-day numbers too much and would prefer to "just put it where it needs to be." Does looking into something like Vanguard Personal Advisor or Schwab Intelligent Portfolio make sense for us so that we can both kinda get what we are comfortable with?
4. I personally always believed having a small portion of our portfolio in cash - eg ~5% - was smart, but open to arguments against! That said, for our cash, but also our emergency fund - are we good in the high-yield savings account they currently sit in, or should we split that to a CD or something as well for less-urgent funds with slightly more gain?
Thank you, all, so much!