Emergency funds: 6 monthsHowdy! I've made my first attempt at describing my current investment portfolio, using the "Asking Portfolio Questions" template. If there is anything obviously wrong, if any changes to formatting are required, or if you have any miscellaneous questions/requests please let me know -- I'm happy to try and make reviewing as easy for ya'll as possible.
I'm also linking my first BH post from a few days ago, in case that context is of any use to anyone. Looking forward to what ya'll have to say... thanks in advance!
Debt: None
Tax Filing Status: Married Filing Jointly
Tax Rate: 24% Federal, 5% State
State of Residence: Massachusetts
Age: 49
Desired Asset allocation: 75% stocks / 25% bonds
Desired International allocation: 20% of stocks
Total Portfolio Value: $785k
Current retirement assets
Taxable (JTWROS at RBC)
00.00% cash
00.01% money market
02.73% Franklin Income Fund Class A (FKIQX) (0.71%)
01.06% Invesco Rochester® Municipal Opportunities Fund Class C (ORNCX) (1.95%)
00.19% Invesco Senior Floating Rate Fund Class A (OOSAX) (1.09%)
00.11% John Hancock Bond Fund Class A (JHNBX) (0.77%)
00.11% PIMCO Income Fund Class A (PONAX) (1.23%)
03.24% CoStar Group, Inc. (CSGP)
Child UTMA at RBC
00.17% cash
00.38% money market
00.11% John Hancock Bond Fund Class A (JHNBX) (0.77%)
00.46% Lord Abbett Short Duration Income Fund Class A (LALDX) (0.59%)
00.63% PIMCO Income Fund Class A (PONAX) (1.23%)
00.17% Pioneer Strategic Income Fund Class A (PSRAX) (1.11%)
His 401k at Fidelity
03.32% 2040 Target Retirement Date Fund (N/A) (0.0311%)
Company match: 50% up to 8%
His Roth IRA at RBC
01.46% money market
01.06% First Trust Tactical High Yield ETF (HYLS) (1.02%)
00.90% Roblox Corporation (RBLX)
01.11% Zoom Communications Inc. (ZM)
02.85% Alger Spectra Fund Class A (SPECX) (1.50%)
00.91% John Hancock Bond Fund Class I (JHBIX) (0.47%)
00.71% John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) (0.87%)
00.31% John Hancock Funds Strategic Income Opportunities Fund Class A (JIPAX) (1.08%)
01.46% John Hancock Funds International Growth Fund Class I (GOGIX) (1.02%)
00.79% John Hancock Funds III U.S. Growth Fund - Class A (JSGAX) (0.98%)
00.72% JPMorgan Value Advantage Fund Class A (JVAAX) (0.99%)
00.37% T. Rowe Price Blue Chip Growth Fund (TRBCX) (0.70%)
His Rollover IRA at RBC
00.39% money market
03.98% First Trust Rising Dividend Achievers ETF (RDVY) (0.49%)
06.64% Invesco QQQ Trust Series I (QQQ) (0.20%)
01.51% iShares Core S&P Small Cap ETF (IJR) (0.06%)
04.97% SPDR S&P 500 ETF Trust (SPY) (0.09%)
01.15% Vanguard Real Estate ETF (VNQ) (0.13%)
00.89% John Hancock Bond Fund Class I (JHBIX) (0.47%)
00.73% John Hancock Funds Strategic Income Opportunities Fund Class A (JIPAX) (1.08%)
01.00% John Hancock Funds International Growth Fund Class A (GOIGX) (1.32%)
00.22% John Hancock High Yield Fund Class A (JHHBX) (0.92%)
01.86% JPMorgan U.S. Equity Fund Class I (JUESX) (0.69%)
00.88% JPMorgan Value Advantage Fund Class A (JVAAX) (0.99%)
02.02% JPMorgan Large Cap Growth Fund I Class (SEEGX) (0.69%)
00.52% Macquarie Systematic Emerging Markets Equity Fund Class A (IPOAX) (1.05%)
00.71% Victory Sycamore Established Value Fund Class I (VEVIX) (0.58%)
Her Roth IRA at RBC
01.03% money market
02.44% Alger Spectra Fund Class A (SPECX) (1.50%)
00.13% Franklin Core Plus Bond Fund Class A (FRSTX) (0.94%)
01.03% Franklin Growth Opportunities Fund Class A (FGRAX) (0.91%)
00.22% John Hancock Funds III U.S. Growth Fund - Class C (JSGCX) (1.73%)
00.16% PIMCO Income Fund Class A (PONAX) (1.23%)
Her Rollover IRA at RBC
00.01% cash
00.51% money market
01.11% Adobe Inc. (ADBE)
00.81% FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) (0.75%)
01.70% First Trust Value Line Dividend Index Fund (FVD) (0.60%)
00.65% General Electric Company (GE)
00.01% GE HealthCare Technologies Inc. (GEHC)
00.28% GE Vernova Inc. (GEV)
06.64% Invesco QQQ Trust Series I (QQQ) (0.20%)
07.65% SPDR S&P 500 ETF Trust (SPY) (0.09%)
07.51% SPDR S&P Midcap 400 ETF Trust (MDY) (0.24%)
01.44% The Walt Disney Company (DIS)
01.11% Zoom Communications Inc. (ZM)
01.25% Fidelity Capital & Income Fund (FAGIX) (0.97%)
03.78% John Hancock Bond Fund Class I (JHBIX) (0.47%)
03.62% John Hancock Funds International Growth Fund Class I (GOGIX) (1.02%)
04.10% T. Rowe Price Blue Chip Growth Fund (TRBCX) (0.70%)
Contributions
New annual Contributions
$23500 his 401k (50% employer match to 8%)
$8000 his Roth IRA
$8000 her Roth IRA
$0 taxable (for retirement, not short term goals)
Available funds
Funds available in his 401(k)
US LARGE CAP EQUITY (N/A) (0.208%)
US LG CAP EQUITY IDX (N/A) (0.0048%)
US SMID CAP EQ INDEX (N/A) (0.0132%)
US SMID CAP EQUITY (N/A) (0.529%)
NON US EQUITY INDEX (N/A) (0.0333%)
NON-US EQUITY FUND (N/A) (0.7273%)
STABLE VALUE FUND (N/A) (0.0944%)
INCOME FUND (N/A) (0.1843%)
US AGGREGATE BND IND (N/A) (0.0143%)
US TIPS INDEX FUND (N/A) (0.0168%)
2025 TARGET RET FUND (N/A) (0.0306%)
2030 TARGET RET FUND (N/A) (0.0311%)
2035 TARGET RET FUND (N/A) (0.0310%)
2040 TARGET RET FUND (N/A) (0.0311%)
2045 TARGET RET FUND (N/A) (0.0307%)
2050 TARGET RET FUND (N/A) (0.0307%)
2055 TARGET RET FUND (N/A) (0.0306%)
2060 TARGET RET FUND (N/A) (0.0316%)
2065 TARGET RET FUND (N/A) (0.0362%)
TARGET RET INCOME (N/A) (0.0313%)
Questions
1. This is the state of my portfolio after being managed for 20yrs by my advisor. I've already been told by other non-BH folks who took an early look that many of my expense ratios are too high & that the whole thing could stand to be consolidated / simplified into a 3fund setup. Do BH folks agree with those high-level statements?
2. I've been told that Fidelity has a better customer experience than Vanguard (e.g. phone support, desktop/mobile apps) -AND- they have Fidelity-specific equivalents to each Vanguard (see below). As such, I'm leaning towards moving my portfolio from RBC to Fidelity... any reason(s) I shouldn't (or be wary of doing so)?
* VTSAX at Vanguard ~=~ FSKAX at Fidelity
* VTIAX at Vanguard ~=~ FZILX at Fidelity
* VBTLX at Vanguard ~=~ FXNAX at Fidelity