I'm new to the forum (but have been lurking for about a year)
I have just "fired" my financial advisor and am in the process of moving that money from AssetMark to Vanguard. About half of it is an IRA which I plan to put into VTTVX Vanguard Target Retirement 2025 Fund. That should be pretty close to what I need and it can certainly be adjusted as time goes on without tax implications.
I'm more concerned with the non IRA money which is about 169K. I am trying to simplify things by going to Vanguard and of course lower my costs as well. I am 51 and getting pretty tired of my 30 year software career at megacorp. If I leave megacorp sooner rather than later I may have to tap into my taxable savings, but would prefer to switch to a lower paying job I enjoy and cut costs until the IRA's kick in. I am unlikely to stay at megacorp more than 5 years. Essentially I'm looking to park this money somewhere and it is hard to predict when I might need it.
Keeping things simple, this money could go into VTTVX or perhaps a mix of index funds (such as I have below for my other taxable savings). Is there anything else I might consider?
If I am missing anything, please ask any questions you like...
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Here are my details:
I'm 51, DW is 49. No debt. Our home is paid for and worth perhaps 200k. No kids. Net worth about 1M excluding home.
---IRA assets---
64K IRA VTTVX Vanguard Target Retirement 2025 Fund
200K IRA VTTVX (PLANNED TRANSFER FROM ASSETMARK)
400K MEGACORP 401K (also a fund targeting retirement in 2025)
---TAXABLE assets---
100K in Vanguard with below allocation
24% VBTLX Vanguard Total Bond Market Index Fund Admiral Shares
17% VTIAX Vanguard Total International Stock Index Fund Admiral Shares
59% VTSAX Vanguard Total Stock Market Index Fund Admiral Shares
30K cash
169K THIS IS LEAVING ASSETMARK AND IS WHAT I AM LOOKING FOR ADVICE ON
thanks,
Jim
I have just "fired" my financial advisor and am in the process of moving that money from AssetMark to Vanguard. About half of it is an IRA which I plan to put into VTTVX Vanguard Target Retirement 2025 Fund. That should be pretty close to what I need and it can certainly be adjusted as time goes on without tax implications.
I'm more concerned with the non IRA money which is about 169K. I am trying to simplify things by going to Vanguard and of course lower my costs as well. I am 51 and getting pretty tired of my 30 year software career at megacorp. If I leave megacorp sooner rather than later I may have to tap into my taxable savings, but would prefer to switch to a lower paying job I enjoy and cut costs until the IRA's kick in. I am unlikely to stay at megacorp more than 5 years. Essentially I'm looking to park this money somewhere and it is hard to predict when I might need it.
Keeping things simple, this money could go into VTTVX or perhaps a mix of index funds (such as I have below for my other taxable savings). Is there anything else I might consider?
If I am missing anything, please ask any questions you like...
----------------------
Here are my details:
I'm 51, DW is 49. No debt. Our home is paid for and worth perhaps 200k. No kids. Net worth about 1M excluding home.
---IRA assets---
64K IRA VTTVX Vanguard Target Retirement 2025 Fund
200K IRA VTTVX (PLANNED TRANSFER FROM ASSETMARK)
400K MEGACORP 401K (also a fund targeting retirement in 2025)
---TAXABLE assets---
100K in Vanguard with below allocation
24% VBTLX Vanguard Total Bond Market Index Fund Admiral Shares
17% VTIAX Vanguard Total International Stock Index Fund Admiral Shares
59% VTSAX Vanguard Total Stock Market Index Fund Admiral Shares
30K cash
169K THIS IS LEAVING ASSETMARK AND IS WHAT I AM LOOKING FOR ADVICE ON
thanks,
Jim