Personal Investments • Retiree Seeks Help with Reallocations to Simplify Portfolio

Retiree Seeks help with Reallocations to Simplify Portfolio

First time to request advice for investments; Have general knowledge of investments over 30 years. Retired in 2014 at 70; Second marriage in 2017; Separate investments, same financial planner. Here we go:

Emergency funds: $50K in checking account

Debt: None

Tax Filing Status: Married, filing jointly

Tax Rate: 24% Federal, 4% State

Desired Asset Allocation: 65% stocks / 35% bonds

Approx. portfolio: 2M portfolio is in my name only

Taxable

Taxable - Brokerage Account

20% Cash in MSBNA Preferred Savings earning 5%
20% I Shares Core S&P 500 ETF (IVV) Expense Ratio 0.03%
3% I Shares US Financials ETF (IYF) ER 0.40%
3% I Shares US Real Estate ETF (IYR) ER 0.39%

Bonds
1.5% I Shares Core US Aggregate Bond ETF (AGG) ER 0.03%
3.5% I Shares Floating Rate Bond ETF (FLOT) ER 0.15%
3.5% I Shares National Muni Bond ETF (MUB) ER 0.05%
2.5% I Shares Short Treasury Bond ETF (SHV) ER 0.15%

4% - 8 Individual common stocks (long held 1992 - 2008)
MO, KO, ED, KMI, MDLZ, PM, VTR, WMT

Traditional IRA

1% Cash: MSBNA Preferred Savings earning 5%
30% I Shares Core S&P 500 ETF (IVV) ER 0.03%
10% I Shares Russell 2,000 ETF (IWM) ER 0.19%

Roth IRA

1.5% Cash: MSBNA Preferred Savings earning 5%
2% I Shares N. American Tech Soft ETF (IGV) ER 0.41%
3% I Shares US Technology ETF (ITW) ER 0.40%
1.5% I Shares US Consumer Discretionary (IYC) ER 0.40%

For your information only, but not to be included in the analysis/recommendations of the above portfolio. I hold outside of the above portfolio the following two investments.
Dupree KY Tax-Free Income Series - Symbol KYTFX, 4-5 year duration
I-Bonds maturing in 2031
Would like to reduce fees and reallocate with inheritance in mind for two grown children.

Statistics: Posted by Anitapicklelex — Thu Aug 29, 2024 12:34 pm — Replies 2 — Views 133

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