Hello Boglehead Community -
We typically do a 1x/year check-in post to see if we are missing anything...
Emergency funds: 4-6mo of expenses - 50k in Money Market
Debt:
Mortgage - 234K @ 2.25% (12yrs remaining). Value is probably 450k-500k
Her Car - 40k @ 7%
Tax Filing Status: MFJ
Tax Rate: 32% Federal
State of Residence: PA
Age: 39/38
Desired Asset allocation: 95% stocks / 5% bonds
Portfolio Size - 750k
His Taxable
(2%) 15k cash
(18%) 125k VTSAX (expense ratio)
(1%) 10k - 4 Individual Stocks
(1%) 7.5k - Crypto
His 401k
(32%) 225k American Funds 2050 Target Date R6 RFITX .38 ER
Company match - 6% up to 50%
His Roth IRA
(6%) 41k Blackrock Lifepath 2040 LIKEX .14
His Trad IRA
(5%) 37K Blackrock Lifepath 2040 LIKEX .14
Her Taxable
(6%) 50k Cash
(10%) 74k Brokerage MAFOX Blackrock Large Cap Focus Growth
Her SIMPLE IRA
(10%) 72k
Her Traditional IRA
(6%) 48k Blackrock Lifepath 2040
Her Roth IRA
(6%) 44K Blackrock Lifepath 2040
529's - 163k
8.5yo - 72k
6.5yo - 53k
4.5yo - 37k
Although we invest in this, we don't necessarily consider this as a part of our portfolio.
Contributions
New annual Contributions
22.5K his 401k
6.5K his IRA/Roth IRA (We backdoor Roth)
6.5K her IRA/Roth IRA " "
2.5k/mo in his VTSAX
529's - $200 per kid per month
We contributed roughly 100k to our investments in '23, that is while we put in a pool that was approximately 150k, so there is def meat left on the bone to contribute more. We did not get serious with an investment plan until '17 while simultaneously seeing increases in compensation. We also went a little heavier on 529's w/ some bonuses early on in our mid 30's instead of using our other taxable vehicles. Super easy to feel like you are failing reading some of your peers net worth on this forum, but near 1mm before 40yo while in the thick of it with 3 kids and no windfalls, while giving the family great experiences, we feel as if we are succeeding! We don't foresee large expenses in '24 and goal would be to clear 6 figures in deposits next year.
Available funds
Funds available in his 401(k)
American Funds EuroPacific Gr R6 Growth RERGX
American Funds Growth Fund of Amer R6 Growth RGAGX
American Funds New Perspective R6GrowthRNPGX
American Funds New World R6GrowthRNWGX
Fidelity Global ex US IndexGrowthFSGGX
Invesco Small Cap Value R6GrowthSMVSX
Vanguard Large Cap Index AdmGrowthVLCAX
Vanguard Mid Cap Index AdmGrowthVIMAX
Vanguard Small Cap Index Fund – Admiral Growth VSMAX
American Funds Fundamental Investors R6 Growth-and-incomeRFNGX
American Funds Washington Mutual R6Growth-and-incomeRWMGX
American Funds Capital Inc Bldr R6Equity-incomeRIRGX
Principal Global Real Estate Sec R6Equity-incomePGRSX
iShares U.S. Aggregate Bond Index KBondWFBIX
Fidelity Total Bond K6BondFTKFX
PIMCO Int Bond (Unhedged) Inst BondPFUIX
PIMCO Real Return InstlBondPRRIX
PGIM High-Yield R6BondPHYQX
American Funds 2010 Target Date Fund R6Target DateRFTTX
American Funds 2015 Target Date Fund R6Target DateRFJTX
American Funds 2020 Target Date Fund R6Target DateRRCTX
American Funds 2025 Target Date Fund R6Target DateRFDTX
American Funds 2030 Target Date Fund R6Target DateRFETX
American Funds 2035 Target Date Fund R6Target DateRFFTX
American Funds 2040 Target Date Fund R6Target DateRFGTX
American Funds 2045 Target Date Fund R6Target DateRFHTX
American Funds 2050 Target Date Fund R6Target DateRFITX
American Funds 2055 Target Date Fund R6Target DateRFKTX
American Funds 2060 Target Date Fund R6Target DateRFUTX
American Funds 2065 Target Date Fund R6Target DateRFVTX
Long-term Goal would be to retire at 60 w/ 3mm-3.5mm
Questions:
1. We will be receiving bonuses in March/April of '24 for approximately 60k, should we pay off some car debt?
2. Based on his 401k options - anything we are missing here? Target date just seems standard based on options & where else we have investments.
3. I have a small amount of RSU's that will vest in April (15k?) - I am thinking about cashing out and starting a car fund to purchase in next 2-3yrs? Thoughts?
4. Anything else stand out?
Thank you all in advance!
We typically do a 1x/year check-in post to see if we are missing anything...
Emergency funds: 4-6mo of expenses - 50k in Money Market
Debt:
Mortgage - 234K @ 2.25% (12yrs remaining). Value is probably 450k-500k
Her Car - 40k @ 7%
Tax Filing Status: MFJ
Tax Rate: 32% Federal
State of Residence: PA
Age: 39/38
Desired Asset allocation: 95% stocks / 5% bonds
Portfolio Size - 750k
His Taxable
(2%) 15k cash
(18%) 125k VTSAX (expense ratio)
(1%) 10k - 4 Individual Stocks
(1%) 7.5k - Crypto
His 401k
(32%) 225k American Funds 2050 Target Date R6 RFITX .38 ER
Company match - 6% up to 50%
His Roth IRA
(6%) 41k Blackrock Lifepath 2040 LIKEX .14
His Trad IRA
(5%) 37K Blackrock Lifepath 2040 LIKEX .14
Her Taxable
(6%) 50k Cash
(10%) 74k Brokerage MAFOX Blackrock Large Cap Focus Growth
Her SIMPLE IRA
(10%) 72k
Her Traditional IRA
(6%) 48k Blackrock Lifepath 2040
Her Roth IRA
(6%) 44K Blackrock Lifepath 2040
529's - 163k
8.5yo - 72k
6.5yo - 53k
4.5yo - 37k
Although we invest in this, we don't necessarily consider this as a part of our portfolio.
Contributions
New annual Contributions
22.5K his 401k
6.5K his IRA/Roth IRA (We backdoor Roth)
6.5K her IRA/Roth IRA " "
2.5k/mo in his VTSAX
529's - $200 per kid per month
We contributed roughly 100k to our investments in '23, that is while we put in a pool that was approximately 150k, so there is def meat left on the bone to contribute more. We did not get serious with an investment plan until '17 while simultaneously seeing increases in compensation. We also went a little heavier on 529's w/ some bonuses early on in our mid 30's instead of using our other taxable vehicles. Super easy to feel like you are failing reading some of your peers net worth on this forum, but near 1mm before 40yo while in the thick of it with 3 kids and no windfalls, while giving the family great experiences, we feel as if we are succeeding! We don't foresee large expenses in '24 and goal would be to clear 6 figures in deposits next year.
Available funds
Funds available in his 401(k)
American Funds EuroPacific Gr R6 Growth RERGX
American Funds Growth Fund of Amer R6 Growth RGAGX
American Funds New Perspective R6GrowthRNPGX
American Funds New World R6GrowthRNWGX
Fidelity Global ex US IndexGrowthFSGGX
Invesco Small Cap Value R6GrowthSMVSX
Vanguard Large Cap Index AdmGrowthVLCAX
Vanguard Mid Cap Index AdmGrowthVIMAX
Vanguard Small Cap Index Fund – Admiral Growth VSMAX
American Funds Fundamental Investors R6 Growth-and-incomeRFNGX
American Funds Washington Mutual R6Growth-and-incomeRWMGX
American Funds Capital Inc Bldr R6Equity-incomeRIRGX
Principal Global Real Estate Sec R6Equity-incomePGRSX
iShares U.S. Aggregate Bond Index KBondWFBIX
Fidelity Total Bond K6BondFTKFX
PIMCO Int Bond (Unhedged) Inst BondPFUIX
PIMCO Real Return InstlBondPRRIX
PGIM High-Yield R6BondPHYQX
American Funds 2010 Target Date Fund R6Target DateRFTTX
American Funds 2015 Target Date Fund R6Target DateRFJTX
American Funds 2020 Target Date Fund R6Target DateRRCTX
American Funds 2025 Target Date Fund R6Target DateRFDTX
American Funds 2030 Target Date Fund R6Target DateRFETX
American Funds 2035 Target Date Fund R6Target DateRFFTX
American Funds 2040 Target Date Fund R6Target DateRFGTX
American Funds 2045 Target Date Fund R6Target DateRFHTX
American Funds 2050 Target Date Fund R6Target DateRFITX
American Funds 2055 Target Date Fund R6Target DateRFKTX
American Funds 2060 Target Date Fund R6Target DateRFUTX
American Funds 2065 Target Date Fund R6Target DateRFVTX
Long-term Goal would be to retire at 60 w/ 3mm-3.5mm
Questions:
1. We will be receiving bonuses in March/April of '24 for approximately 60k, should we pay off some car debt?
2. Based on his 401k options - anything we are missing here? Target date just seems standard based on options & where else we have investments.
3. I have a small amount of RSU's that will vest in April (15k?) - I am thinking about cashing out and starting a car fund to purchase in next 2-3yrs? Thoughts?
4. Anything else stand out?
Thank you all in advance!
Statistics: Posted by WHB3 — Sun Dec 31, 2023 1:30 pm — Replies 1 — Views 28