I hope I got everything from the template; thanks in advance.
Emergency funds - Fluctuates between 1-3 months expenses depending. Child’s college tuition is paid from this account so it fluctuates.
Debt - Car Loan - $19500, Interest Rate 6.5%. Currently paying $1k per month to pay off Sept 2025. Mortgage - $150,000, Interest Rate 2.75% - Home Value is ~$750,000
Current Net Worth - ~$1.7M
Tax Filing Status: Married Filing Jointly
Tax Rate: 22% Federal, 4.75% State
State of Residence: North Carolina
His Age - 53 In March 2024
Her Age - 53
Desired Asset allocation: 61% stocks / 30% bonds
Desired International allocation: 9% of stocks
Glide Path Desired: Rising Equity or Bond Tent
Current retirement assets
Taxable at Fidelity
0% cash
14% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $135k
2% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $24k
5% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $54k
Taxable at ETrade
0% cash
0.4% VANGUARD CONSUMER DISCRETIONARY ETF(VCR)(0.1%) - $4k
0% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $157
His 401k at T. Rowe Price
27% VANGUARD TARGET RET 2035 TR II(VTTHT) (0.08%) - $273k
Company match-Yes 50% up to 8%
His Roth IRA
Negligible
His Rollover IRA at Fidelity
0% cash
24% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $244k
3% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $29k
11% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $112k
His HSA at Health Equity
$2500 Cash
1.3% VANGUARD TARGET RETIREMENT 2040 FUND (VFORX)(0.08%) - $13k
529 at Vanguard for Child #2
0.9% Vanguard Target Enrollment 2026/2027 Portfolio - $9k (Adding a modest $3k per year until 2025)
Her Roth IRA
Negligible
Her Traditional IRA at Fidelity
0% cash
3% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $33k
0.4% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $4k
1.5% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $15k
Total Portfolio Value - ~$1M
_______________________________________________________________
New annual Contributions
Social Security
His Benefit at 70 $54k per year
Her benefit at 62 $6.6k per year
Her benefit at 70 $18k per year
$27.8k his 401k ($7947 Employer Contribution)
$7.3k HSA
$0 taxable
Her Pension at Orange County MYOCERS $6756 per year (after taxes)
$49.8k Total
Funds available in his 401(k)
Stocks
Ab Large Cap Growth Z (APGZXl) (0.52%)
American Beacon Lrg Cp Val R6 (AALRX) (0.60%)
American Funds Europac Grw R6 (RERGX)(0.47%)
Inst Small-Cap Stock Fund (TRSSX)(0.66%)
Jp Morgan Small Cap Value R6 (JSVUX)(0.74%)
Mfs Mid Cap Value R6 (MVCKX)(0.62%)
Mid Cap Growth I1 (BRMCG)(0.45%)
Vanguard Inst Index (VINIX)(0.03%)
Vanguard Mid-Cap Index Inst (VMCIX)(0.04%)
Vanguard Reit Index Admiral (VGSLX)(0.12%)
Vanguard Small Cap Index Instl (VSCIX)(0.04%)
Bonds
Sterling Capital Tot Ret Bd I (BIBTX)(0.45%)
Vanguard Ttl Bnd Mrk Indx Inst (VBTIX)(0.03%)
Money Market/Stable Value
Morley Stable Value Ci 20-Ii (MOR20)(0.40%)
Retirement
Vanguard Target Ret 2020 Tr Ii (VTWNT)(0.08%)
Vanguard Target Ret 2025 Tr Ii (VTTVT)(0.08%)
Vanguard Target Ret 2030 Tr Ii (VTHRT)(0.08%)
Vanguard Target Ret 2035 Tr Ii (VTTHT)(0.08%)
Vanguard Target Ret 2040 Tr Ii (VFORT)(0.08%)
VANGUARD TARGET RET 2045 TR II (VTIVT)(0.08%)
VANGUARD TARGET RET 2050 TR II (VFIFT)(0.08%)
VANGUARD TARGET RET 2055 TR II (VFFVT)(0.08%)
VANGUARD TARGET RET 2060 TR II (VTTST)(0.08%)
VANGUARD TARGET RET 2065 TR II (VSXFT)(0.08%)
VANGUARD TARGET RET INC TR II (VTINT)(0.08%)
Upcoming Expenses
College for child 1 - ($20k in 2024, $10k in 2025)
College for child 2 - ($16k in 2027, $22.5k in 2028, $22.5K in 2029, $11.5k in 2030)(This will deplete 529)
FIRE Health Insurance Premiums & Medical Expense - $10k per year (Will use HSA)
Questions
Looking to quit his full time job ~56/57. Wife currently retired from job and working from home part time. She could easily continue her gig and I could pretty easily get some part time projects in my field. Her part time would be ~10k and mine could be ~10-50k per year. Looking to get out of the corporate rat race. Want to travel around the US a bit after 56 in an off-road truck/camper/van/RV while finding fun places to bike, hike, and other active hobbies.
Retirement expenses are expected to be ~$78k from FIRE until age 63, then ~$63k after mortgage is paid off.
Using Flexible Retirement Planner (Monte Carlo), probability of success is 87% with SS at age 70 and 90% with SS at age 67. It goes up to 96% and 97% if I bump the FIRE income from $20k to $40k per year. That tells me I have some dials to adjust if necessary.
Emergency funds - Fluctuates between 1-3 months expenses depending. Child’s college tuition is paid from this account so it fluctuates.
Debt - Car Loan - $19500, Interest Rate 6.5%. Currently paying $1k per month to pay off Sept 2025. Mortgage - $150,000, Interest Rate 2.75% - Home Value is ~$750,000
Current Net Worth - ~$1.7M
Tax Filing Status: Married Filing Jointly
Tax Rate: 22% Federal, 4.75% State
State of Residence: North Carolina
His Age - 53 In March 2024
Her Age - 53
Desired Asset allocation: 61% stocks / 30% bonds
Desired International allocation: 9% of stocks
Glide Path Desired: Rising Equity or Bond Tent
Current retirement assets
Taxable at Fidelity
0% cash
14% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $135k
2% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $24k
5% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $54k
Taxable at ETrade
0% cash
0.4% VANGUARD CONSUMER DISCRETIONARY ETF(VCR)(0.1%) - $4k
0% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $157
His 401k at T. Rowe Price
27% VANGUARD TARGET RET 2035 TR II(VTTHT) (0.08%) - $273k
Company match-Yes 50% up to 8%
His Roth IRA
Negligible
His Rollover IRA at Fidelity
0% cash
24% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $244k
3% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $29k
11% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $112k
His HSA at Health Equity
$2500 Cash
1.3% VANGUARD TARGET RETIREMENT 2040 FUND (VFORX)(0.08%) - $13k
529 at Vanguard for Child #2
0.9% Vanguard Target Enrollment 2026/2027 Portfolio - $9k (Adding a modest $3k per year until 2025)
Her Roth IRA
Negligible
Her Traditional IRA at Fidelity
0% cash
3% VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)(0.03%) - $33k
0.4% VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS)(0.07%) - $4k
1.5% VANGUARD TOTAL BOND MARKET INDEX FUND(BND)(0.03%) - $15k
Total Portfolio Value - ~$1M
_______________________________________________________________
New annual Contributions
Social Security
His Benefit at 70 $54k per year
Her benefit at 62 $6.6k per year
Her benefit at 70 $18k per year
$27.8k his 401k ($7947 Employer Contribution)
$7.3k HSA
$0 taxable
Her Pension at Orange County MYOCERS $6756 per year (after taxes)
$49.8k Total
Funds available in his 401(k)
Stocks
Ab Large Cap Growth Z (APGZXl) (0.52%)
American Beacon Lrg Cp Val R6 (AALRX) (0.60%)
American Funds Europac Grw R6 (RERGX)(0.47%)
Inst Small-Cap Stock Fund (TRSSX)(0.66%)
Jp Morgan Small Cap Value R6 (JSVUX)(0.74%)
Mfs Mid Cap Value R6 (MVCKX)(0.62%)
Mid Cap Growth I1 (BRMCG)(0.45%)
Vanguard Inst Index (VINIX)(0.03%)
Vanguard Mid-Cap Index Inst (VMCIX)(0.04%)
Vanguard Reit Index Admiral (VGSLX)(0.12%)
Vanguard Small Cap Index Instl (VSCIX)(0.04%)
Bonds
Sterling Capital Tot Ret Bd I (BIBTX)(0.45%)
Vanguard Ttl Bnd Mrk Indx Inst (VBTIX)(0.03%)
Money Market/Stable Value
Morley Stable Value Ci 20-Ii (MOR20)(0.40%)
Retirement
Vanguard Target Ret 2020 Tr Ii (VTWNT)(0.08%)
Vanguard Target Ret 2025 Tr Ii (VTTVT)(0.08%)
Vanguard Target Ret 2030 Tr Ii (VTHRT)(0.08%)
Vanguard Target Ret 2035 Tr Ii (VTTHT)(0.08%)
Vanguard Target Ret 2040 Tr Ii (VFORT)(0.08%)
VANGUARD TARGET RET 2045 TR II (VTIVT)(0.08%)
VANGUARD TARGET RET 2050 TR II (VFIFT)(0.08%)
VANGUARD TARGET RET 2055 TR II (VFFVT)(0.08%)
VANGUARD TARGET RET 2060 TR II (VTTST)(0.08%)
VANGUARD TARGET RET 2065 TR II (VSXFT)(0.08%)
VANGUARD TARGET RET INC TR II (VTINT)(0.08%)
Upcoming Expenses
College for child 1 - ($20k in 2024, $10k in 2025)
College for child 2 - ($16k in 2027, $22.5k in 2028, $22.5K in 2029, $11.5k in 2030)(This will deplete 529)
FIRE Health Insurance Premiums & Medical Expense - $10k per year (Will use HSA)
Questions
Looking to quit his full time job ~56/57. Wife currently retired from job and working from home part time. She could easily continue her gig and I could pretty easily get some part time projects in my field. Her part time would be ~10k and mine could be ~10-50k per year. Looking to get out of the corporate rat race. Want to travel around the US a bit after 56 in an off-road truck/camper/van/RV while finding fun places to bike, hike, and other active hobbies.
Retirement expenses are expected to be ~$78k from FIRE until age 63, then ~$63k after mortgage is paid off.
Using Flexible Retirement Planner (Monte Carlo), probability of success is 87% with SS at age 70 and 90% with SS at age 67. It goes up to 96% and 97% if I bump the FIRE income from $20k to $40k per year. That tells me I have some dials to adjust if necessary.
Statistics: Posted by FreedomHawk — Mon Jan 08, 2024 3:02 pm — Replies 0 — Views 113