Personal Investments • Portfolio Critique

Basically, title.

This is for my wife (age 37), myself (34) and our 15-month old. As for liabilities, we currently owe $370,249 on a 30-year fixed at 2.625% interest. The house is probably worth around $650k. No other debt.

Thrift Savings Plan $101,644

• Common 45%
• International 35%
• Small Cap 10%
• Fixed Income 5%
• Government Securities 5%

Virginia529 $2,096

• Global Equity 100%

Health Savings Account $8,438

• VFIAX 60%
• VTIAX 40%

Vanguard Roth IRA x2 $7,623

• VTWAX 100%

The Thrift Savings Plan deduction is at 5% (10% total with agency match). Around $200 per month goes into the 529. I'd like to be able to pay for at least a significant chunk of my daughter's education in 17 years. We're able to comfortably max our HSA, but not yet both Roth IRAs. All our cash (32k) is in a Fidelity Cash Management account.

We should be able to throw a lot more into our investments soon. My salary has been increasing rapidly from around $90,000 two years ago: I'm currently at $140k and should be at almost $170k (basically the ceiling) in a few months. My wife also is only working part-time for $25 per hour because she's still in graduate school. Once she graduates presumably she'll gross at least $50,000 per year (entry-level Librarians aren't paid well unfortunately).

I'm thinking we can be particularly aggressive since I'm a federal employee (i.e., will get a pension).

Between daycare ($1,600 per month... can't wait for kindergarten) and cash-flowing school it's been tough to invest. In preparation for hopefully better financial times, I want to make sure we have a solid plan moving forward.

Thoughts?

Statistics: Posted by Turtlemilk — Sun Mar 10, 2024 11:08 pm — Replies 6 — Views 635

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