This is my first post as I have lurked for some time. DH and I have been diligently saving and planning to retire by 50 but reading these forums and running i-orp and FIRE calc and every time value of money calculator under the sun has me pushing for FI by 40 with RE at my leisure.
I searched these boards for fund suggestions and found posts from 2004 and 2007 about the "normal" suggestions for funds (ie: total stock market and total international stock market). Are there any others that you would recommend for taxable or tax sheltered investments??
Age 27 and 28. DH will likely exit the rat race in 5 years if we decide to adopt. $175-200k gross income currently. We had anticipated a reduction in income coming but recent changes have made increased income much more likely.
Currently maxing out 401k's and roths and putting around $10k into taxable funds and the rest was being saved and spent somewhat frivolously (compared to most ER posters at least). Have been building CASH reserves due to uncertainty of job market but may begin to invest cash since there is more certainty in our lives and get back to a 10-12 month emergency fund.
Need about $4k per month to live on currently. We just sold our home and are renting closer to work and have no real desire to buy again as the numbers just don't work toward FIRE in our neighborhood to be anywhere near a good school district.
Anticipate future savings of $35k maxed 401, $11k maxed roth and $14k+ taxable investments as we get a grasp on new income prospects.
Here is us, any other Vanguard suggestions for us to get into or are those 2 funds along with our target funds enough "diversification" for now seeing as how we are NOT AT ALL risk averse?
$128,000 401k that needs to be rolled over...left job a few months ago and have not figured out where to roll this money...currently invested in Fidelity Lifepath 2050
$17,200 pension that needs to be rolled over...this is cash value possibly sitting in mm/bond fund? I had no choice in investments (Fidelity interest credit 10 year)
$46,200 401k husband currently on track to max out in December (Vanguard Target 2050 VFIFX)
$28,000 Roth husband (Vanguard Target 2050 VFIFX)
$22,500 Roth me (Vanguard Target 2050 VFIFX)
$11,327 Traditional IRA (non-deductible from years I exceeded Roth max...I need to recharacterize to Roth soon)
$10,400 (VTSAX total stock market index admiral) Taxable account I would like to continue to add to and maybe diversify?
$14,600 Rollover IRA from husband's previous 401k (VTSAX total stock market index admiral)
$8,000 401k for new job, just started contributing in June but will max out next month between this and old company's 401k contributions
$1850 BAC stock...this was my first adventure into stocks...poured in $2500 and never saw the money again