I have been investing since 1990, DIY BH investing for 20 years or more, but have never had a full portfolio review through the forum. You will see remnants of past strategies: Swensen, then Core Four, and am now putting new contributions in a four-fund portfolio (that is US, International, nominal bonds and TIPS). Having learned so much here, I look forward to general reactions and advice as Ms. Minty and I contemplate retirement at some point between the next five minutes and 2031.
Emergency funds: No separate EF.
Debt: $8K remaining in private educational loan (for child) at 0%; $6K in credit cards at 0%; $320K and 13 years remaining on 1.875% 15 year mortgage (house Zilllow value $1.1M). Also, promised to pay about $25K in adult childrens' student loans.
Tax Filing Status: MFJ
Tax Rate: 24% Federal, 9.3% State
State of Residence: CA
Age: Minty turns 60 and Ms. Minty 55 this summer.
Desired Asset allocation: 65% equities / 35% bonds
Desired International allocation: 20% of equities
Other Details:
Gross income: $350K Minty /$125K Ms. Minty. HHI has increased substantially in last 10 years; in that period we paid 8 years of private college tuition. Both vested in SS. I have a defined benefit pension; funded ratio just over 81% as of July, 2023. Both kids now out of college, and employed, although not completely off the payroll. We are at the tail end of two term life insurance policies.
Approximate size of total portfolio: $2.5M
Portfolio Composition:
Current assets
Taxable
0.2% Cash
1% Fidelity Money Market (SPAXX)
1.5% I Bonds
His (my) 403b University of California proprietary funds through Fidelity
20% UC Dom EQ Index (OJMG) (.005)
8% UC Intl Index (OJMH) (.01)
2% UC Sm Cap Index (OR81) (.01)
5% UC RE (OR82) (.01)
1.5% UC Emerging Mkts (OR83) (.01)
6% UC TIPS (OJ88) (.01)
13% UC Bond Fund (OJAQ) (.01)
Employer match? No
His 457
10% UC Dom EQ Index (OJMG) (.005)
Employer match? No
His DCP (I think this is a 401a)
1% UC Dom EQ Index (OJMG) (.005)
Employer match? No
His Roth IRA at Robinhood
5% Vanguard TSM (VTI) (.03)
His Rollover IRA at Robinhood
4% Vanguard TSM (VTI) (.03)
2% Vanguard Total Bond (BND) (.03)
His Rollover IRA at Fidelity
1% CDs.
His Traditional Annuity at TIAA-CREF
3%
Her (Ms. Minty) 403b at Principal
6.5% S&P 500 (FSAIX) (.02)
Company match? Yes
Her Inherited IRA at Vanguard
8% Vanguard TSM (VTSAX) (.04)
2% Vanguard TBM (VBTLX) (.05)
Her Roth IRA at Robinhood
2% Vanguard TSM (VTI) (.03)
_______________________________________________________________
Contributions
New Annual Contributions
$30.5k his 457 (no match)
$30.5K his 403b (no match)
$30.5K her 403b (4% match)
$30K his Roth IRA--via Mega Backdoor Roth, using the DCP (401a), financed by withdrawal from her Inherited IRA.
Also 8% of his gross income is taken as a mandatory employee contribution to the defined benefit pension.
Available funds
Funds available in his 403(b)
There is a Fidelity brokerage option in His 403(b), 457 and DCP, all through Fidelity, so I believe almost anything is available--except the Fidelity Zero funds.
Questions:
1. Basically planning to take the annuity with 100% survivor rather than the lump sum--it is partially inflation-adjusted, and comes with retiree medical. Also planning to annuitize the TIAA-CREF and get the longevity bonus. I will of course check the market rates when it is time to pull the trigger.
2. What else can/should we be doing/thinking about?
Thanks so much!
Emergency funds: No separate EF.
Debt: $8K remaining in private educational loan (for child) at 0%; $6K in credit cards at 0%; $320K and 13 years remaining on 1.875% 15 year mortgage (house Zilllow value $1.1M). Also, promised to pay about $25K in adult childrens' student loans.
Tax Filing Status: MFJ
Tax Rate: 24% Federal, 9.3% State
State of Residence: CA
Age: Minty turns 60 and Ms. Minty 55 this summer.
Desired Asset allocation: 65% equities / 35% bonds
Desired International allocation: 20% of equities
Other Details:
Gross income: $350K Minty /$125K Ms. Minty. HHI has increased substantially in last 10 years; in that period we paid 8 years of private college tuition. Both vested in SS. I have a defined benefit pension; funded ratio just over 81% as of July, 2023. Both kids now out of college, and employed, although not completely off the payroll. We are at the tail end of two term life insurance policies.
Approximate size of total portfolio: $2.5M
Portfolio Composition:
Current assets
Taxable
0.2% Cash
1% Fidelity Money Market (SPAXX)
1.5% I Bonds
His (my) 403b University of California proprietary funds through Fidelity
20% UC Dom EQ Index (OJMG) (.005)
8% UC Intl Index (OJMH) (.01)
2% UC Sm Cap Index (OR81) (.01)
5% UC RE (OR82) (.01)
1.5% UC Emerging Mkts (OR83) (.01)
6% UC TIPS (OJ88) (.01)
13% UC Bond Fund (OJAQ) (.01)
Employer match? No
His 457
10% UC Dom EQ Index (OJMG) (.005)
Employer match? No
His DCP (I think this is a 401a)
1% UC Dom EQ Index (OJMG) (.005)
Employer match? No
His Roth IRA at Robinhood
5% Vanguard TSM (VTI) (.03)
His Rollover IRA at Robinhood
4% Vanguard TSM (VTI) (.03)
2% Vanguard Total Bond (BND) (.03)
His Rollover IRA at Fidelity
1% CDs.
His Traditional Annuity at TIAA-CREF
3%
Her (Ms. Minty) 403b at Principal
6.5% S&P 500 (FSAIX) (.02)
Company match? Yes
Her Inherited IRA at Vanguard
8% Vanguard TSM (VTSAX) (.04)
2% Vanguard TBM (VBTLX) (.05)
Her Roth IRA at Robinhood
2% Vanguard TSM (VTI) (.03)
_______________________________________________________________
Contributions
New Annual Contributions
$30.5k his 457 (no match)
$30.5K his 403b (no match)
$30.5K her 403b (4% match)
$30K his Roth IRA--via Mega Backdoor Roth, using the DCP (401a), financed by withdrawal from her Inherited IRA.
Also 8% of his gross income is taken as a mandatory employee contribution to the defined benefit pension.
Available funds
Funds available in his 403(b)
There is a Fidelity brokerage option in His 403(b), 457 and DCP, all through Fidelity, so I believe almost anything is available--except the Fidelity Zero funds.
Questions:
1. Basically planning to take the annuity with 100% survivor rather than the lump sum--it is partially inflation-adjusted, and comes with retiree medical. Also planning to annuitize the TIAA-CREF and get the longevity bonus. I will of course check the market rates when it is time to pull the trigger.
2. What else can/should we be doing/thinking about?
Thanks so much!
Statistics: Posted by Minty — Wed Jun 12, 2024 5:27 pm — Replies 0 — Views 180