Hello All. What a wonderful forum and great service to provide to people seeking solid financial guidance. For many years I did not have a financial advisor. Around 2012 I hired my first fee only adviser and utilized his services until 2019 when he decided to join a larger firm which I was not interested in continuing the relationship. so since then I've been on my own and I've made a few costly mistakes with investing in individual stocks and such. What brings me to my post is to see about allocation and future investing into our brokerage, 401ks, Roth IRAs, and HSA. Please go easy on me as I am obviously not a professional with any of this.
Emergency funds: 120k (12 months expenses at current spend with childcare)
Debt: Mortgage: balance 200k @ 3.5%, auto loan: balance 17K @ 2.85%. student loan: 28k @ 2%
Tax Filing Status:Married filing jointly. 2 children.
24% Federal, 6% State
State of Residence: NY
Age: 41,43
Desired Asset allocation: 100% stocks / 0% bonds
Desired International allocation: not sure
Total invested assets: 2.445 mill Total Net Worth: 2.9 Mill
Taxable:
m1 Brokerage: 211 k
VOOG (Vanguard S&P 500 Growth Index Fund ETF) (0.1% fee): 60%
AVUV (Avantis US Small Cap Value ETF)(0.25% fee): 15%
VBR(Vanguard Small-Cap Value Index Fund ETF(0.07% fee): 10%
VXUS ( Vanguard Total International Stock Index Fund ETF) (0.07% fee): 15%
Vanguard Brokerage: 81K
PLTR (Palantir): 2%
MELI (Mercado Libre): 10%
AMZN (Amazon): 7.6%
SNOW (Snowflake): 2.5%
SHOP (Shopify): 10%
NET (Cloudflare): 4%
TTD (The Trade Desk): 4%
ABNB (Air BNB):5%
TWLO (TWILIO):6.4%
TDOC (Teledoc): 4%
ROKU (Roku): 5.5%
SQ (Block): 4%
CPNG (Coupang): 3%
ETSY (Etsy): 10%
Company stock: 22%
ESPP: 170K (100% company stock)
His 401k Vanguard: 870k (765k traditional/105k Roth) (contributing yearly max with 5% match at 100%)
Core Equity (SP500) (0.04% fee): 60%
Small Cap Index (0.06% fee): 15%
Mid cap Index (0.06% fee): 10%
International equity index (0.06% fee): 15%
Her 401K Vanguard:980k (914k traditional/66k Roth) (contributing yearly max with 5% match at 100%)
Core Equity (SP500) (0.04% fee): 60%
Small Cap Index (0.06% fee): 15%
Mid cap Index (0.06% fee): 10%
International equity index (0.06% fee): 15%
Her Roth IRA: 15K
miscellaneous stocks that have declined greatly.
His Roth IRA: 10K
miscellanous stocks that have declined greatly.
HSA: 80K (contributing yearly family max)
VFIAX (Vanguard 500 Index Fund Admiral Shares)(0.04% fee): 70%
VSMAX (anguard Small-Cap Index Fund Admiral Shares) (0.05% fee): 30%
529 plan: 17.5K
Growth Stock Index (0.12% fee): 80%
Small Cap Stock Index (0.12% fee): 20%
529 plan: 10k
Growth Stock Index (0.12% fee): 80%
Small Cap Stock Index (0.12% fee): 20%
My Current financial goal is to be retired by 59.5 and also being able to leave our children an inheritance. Id like to reassess at age 50 with our current high stressed jobs and look for something less stressful(most likely significantly less income) to carry us to 59.5. So over the next 9-10 years continue to max both 401ks, HSA and Roth IRA while also funding brokerage monthly (1k/month). I have moved us both to all Roth 401k contributions moving forward (company match will deposit in traditional). We contribute to the 529s here and there. Our current gross income is roughly 250K.
I know my allocations are aggressive and I made some grave mistakes via the pandemic with a stock picking service (something I should have never gotten into). This directly impacted our brokerage and Roth IRA accounts. I also know that I have too much company stock. Ive spent the last couple years tax loss harvesting my gains from our ESPP with the losses from the Vanguard Brokerage. Those funds were reinvested into the M1 Portfolio. The losses in the Roth IRAs I can't do anything about other than being smarter with what I invest into. I started contributions into the Roth IRAs 3 years ago as I learned about the backdoor opportunity. I am no longer participating in the ESPP and look to use those monthly investing dollars into the M1 Brokerage but would love some guidance or advice with the current investment allocation in that account. I am invested in all equities and I dont know how much I should be investing into international funds or if I should also be investing into bonds. I do not mind risk at all and I always look at market downturns as great buying opportunities. Just very interested to have assessed how we have done thus far and how I should be allocating our future investments or how our current assets should be adjusted. Im also not sure if I should still be investing into a Roth IRA for each of us since we are now investing into all Roth 401k. Would putting more in brokerage be more important than the Roth IRA especially if wanted to retire early? Thank you for any help with any of this. To me everything looks like a jumbled mess. Any advice would be so appreciated and apologies if I left out any pertinent info.
Emergency funds: 120k (12 months expenses at current spend with childcare)
Debt: Mortgage: balance 200k @ 3.5%, auto loan: balance 17K @ 2.85%. student loan: 28k @ 2%
Tax Filing Status:Married filing jointly. 2 children.
24% Federal, 6% State
State of Residence: NY
Age: 41,43
Desired Asset allocation: 100% stocks / 0% bonds
Desired International allocation: not sure
Total invested assets: 2.445 mill Total Net Worth: 2.9 Mill
Taxable:
m1 Brokerage: 211 k
VOOG (Vanguard S&P 500 Growth Index Fund ETF) (0.1% fee): 60%
AVUV (Avantis US Small Cap Value ETF)(0.25% fee): 15%
VBR(Vanguard Small-Cap Value Index Fund ETF(0.07% fee): 10%
VXUS ( Vanguard Total International Stock Index Fund ETF) (0.07% fee): 15%
Vanguard Brokerage: 81K
PLTR (Palantir): 2%
MELI (Mercado Libre): 10%
AMZN (Amazon): 7.6%
SNOW (Snowflake): 2.5%
SHOP (Shopify): 10%
NET (Cloudflare): 4%
TTD (The Trade Desk): 4%
ABNB (Air BNB):5%
TWLO (TWILIO):6.4%
TDOC (Teledoc): 4%
ROKU (Roku): 5.5%
SQ (Block): 4%
CPNG (Coupang): 3%
ETSY (Etsy): 10%
Company stock: 22%
ESPP: 170K (100% company stock)
His 401k Vanguard: 870k (765k traditional/105k Roth) (contributing yearly max with 5% match at 100%)
Core Equity (SP500) (0.04% fee): 60%
Small Cap Index (0.06% fee): 15%
Mid cap Index (0.06% fee): 10%
International equity index (0.06% fee): 15%
Her 401K Vanguard:980k (914k traditional/66k Roth) (contributing yearly max with 5% match at 100%)
Core Equity (SP500) (0.04% fee): 60%
Small Cap Index (0.06% fee): 15%
Mid cap Index (0.06% fee): 10%
International equity index (0.06% fee): 15%
Her Roth IRA: 15K
miscellaneous stocks that have declined greatly.
His Roth IRA: 10K
miscellanous stocks that have declined greatly.
HSA: 80K (contributing yearly family max)
VFIAX (Vanguard 500 Index Fund Admiral Shares)(0.04% fee): 70%
VSMAX (anguard Small-Cap Index Fund Admiral Shares) (0.05% fee): 30%
529 plan: 17.5K
Growth Stock Index (0.12% fee): 80%
Small Cap Stock Index (0.12% fee): 20%
529 plan: 10k
Growth Stock Index (0.12% fee): 80%
Small Cap Stock Index (0.12% fee): 20%
My Current financial goal is to be retired by 59.5 and also being able to leave our children an inheritance. Id like to reassess at age 50 with our current high stressed jobs and look for something less stressful(most likely significantly less income) to carry us to 59.5. So over the next 9-10 years continue to max both 401ks, HSA and Roth IRA while also funding brokerage monthly (1k/month). I have moved us both to all Roth 401k contributions moving forward (company match will deposit in traditional). We contribute to the 529s here and there. Our current gross income is roughly 250K.
I know my allocations are aggressive and I made some grave mistakes via the pandemic with a stock picking service (something I should have never gotten into). This directly impacted our brokerage and Roth IRA accounts. I also know that I have too much company stock. Ive spent the last couple years tax loss harvesting my gains from our ESPP with the losses from the Vanguard Brokerage. Those funds were reinvested into the M1 Portfolio. The losses in the Roth IRAs I can't do anything about other than being smarter with what I invest into. I started contributions into the Roth IRAs 3 years ago as I learned about the backdoor opportunity. I am no longer participating in the ESPP and look to use those monthly investing dollars into the M1 Brokerage but would love some guidance or advice with the current investment allocation in that account. I am invested in all equities and I dont know how much I should be investing into international funds or if I should also be investing into bonds. I do not mind risk at all and I always look at market downturns as great buying opportunities. Just very interested to have assessed how we have done thus far and how I should be allocating our future investments or how our current assets should be adjusted. Im also not sure if I should still be investing into a Roth IRA for each of us since we are now investing into all Roth 401k. Would putting more in brokerage be more important than the Roth IRA especially if wanted to retire early? Thank you for any help with any of this. To me everything looks like a jumbled mess. Any advice would be so appreciated and apologies if I left out any pertinent info.
Statistics: Posted by Investing4MyFamily — Wed Jan 10, 2024 1:56 pm — Replies 9 — Views 522