Emergency funds: Three to six months of expenses (indicate if you have this, but it is generally not part of your asset allocation)
Yes
Debt: Indicate if you have any debt (credit card, school loans, car loans, mortgage) and the interest rate you are paying on each loan.
Mortgage - $340000
Tax Filing Status: (Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Widow/Widower with Dependent Children) Married Filing jointly
Tax Rate: 22% Federal, 4% State (Federal is Marginal tax rate)
State of Residence:Michigan
Age: His 73 in 2024, her 69 in 2024
Desired Asset allocation: xx% stocks / xx% bonds
Desired International allocation: xx% of stocks Looking for recommendation
Current 55% Stocks,5% International,20% Fixed Income, 20% Money Market
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.).1266K
Show us your current portfolio including all investment and retirement accounts (yourself and spouse or civil partner, if applicable) as it's important to look at the portfolio as a unified whole rather than look at accounts in isolation. Also include the available funds in your employer provided retirement plans.
Show each fund or holding as a percentage of the entire portfolio, not as a percentage of the account that holding is in. If this instruction is not clear, see the example under the Key Points section below. For example:
Current retirement assets
* The format below is shown using his/her pronouns. Use whatever pronouns or identifying names you prefer as long as it is clear which assets belong to which person.
His Retirement Accounts
Fidelity Money MarketSPAXX 13%
Fidelity Total Market IndexFSKAX 34%
Van Tax Managed IntlVEA 5%
Van Intl Equity IndexVWO 4%
Van Mid Value IndexVOE 6%
Van Small CapVBR 6%
Fixed Income
Van Short term BndBSV 12%
Van Total BND IndexBND 8%
Her Retirement Account
Fidelity Money MarketSPAXX 8%
Joint Account Taxable
5% cash (for investing – do not include emergency funds)
xx% fund name (ticker symbol) (expense ratio)
xx% stock company name (ticker symbol)
Rest is not applicable
Questions:
Context
- Recently retired
- Sufficient pension and social security pretax income to support annual expenses with RMD to support tax payments with reinvestment of residual RMD
1. Retirement portfolio recommendations and adjustments
2. Strategy for RMD withdrawal from retirement accounts
Thanks for your help.
Yes
Debt: Indicate if you have any debt (credit card, school loans, car loans, mortgage) and the interest rate you are paying on each loan.
Mortgage - $340000
Tax Filing Status: (Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Widow/Widower with Dependent Children) Married Filing jointly
Tax Rate: 22% Federal, 4% State (Federal is Marginal tax rate)
State of Residence:Michigan
Age: His 73 in 2024, her 69 in 2024
Desired Asset allocation: xx% stocks / xx% bonds
Desired International allocation: xx% of stocks Looking for recommendation
Current 55% Stocks,5% International,20% Fixed Income, 20% Money Market
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.).1266K
Show us your current portfolio including all investment and retirement accounts (yourself and spouse or civil partner, if applicable) as it's important to look at the portfolio as a unified whole rather than look at accounts in isolation. Also include the available funds in your employer provided retirement plans.
Show each fund or holding as a percentage of the entire portfolio, not as a percentage of the account that holding is in. If this instruction is not clear, see the example under the Key Points section below. For example:
Current retirement assets
* The format below is shown using his/her pronouns. Use whatever pronouns or identifying names you prefer as long as it is clear which assets belong to which person.
His Retirement Accounts
Fidelity Money MarketSPAXX 13%
Fidelity Total Market IndexFSKAX 34%
Van Tax Managed IntlVEA 5%
Van Intl Equity IndexVWO 4%
Van Mid Value IndexVOE 6%
Van Small CapVBR 6%
Fixed Income
Van Short term BndBSV 12%
Van Total BND IndexBND 8%
Her Retirement Account
Fidelity Money MarketSPAXX 8%
Joint Account Taxable
5% cash (for investing – do not include emergency funds)
xx% fund name (ticker symbol) (expense ratio)
xx% stock company name (ticker symbol)
Rest is not applicable
Questions:
Context
- Recently retired
- Sufficient pension and social security pretax income to support annual expenses with RMD to support tax payments with reinvestment of residual RMD
1. Retirement portfolio recommendations and adjustments
2. Strategy for RMD withdrawal from retirement accounts
Thanks for your help.
Statistics: Posted by paduan — Fri Apr 12, 2024 1:57 pm — Replies 0 — Views 40