I need some help with Mix Portfolio Allocation, specifically with non tax deffered accounts. As you know on a previous post, I have 2 mutual funds with USAA and some people think that is not smart putting my money into Precious Metals and Emerging Markets.
I will give you a quick overview of my financial situation and what my objectives and goals are.
I am 32 and the DW is 34. no kids
Currently we are bringing home around $135k a year
No credit card debt, no students loans, no HELOC, and no car payment
401k- $70k contribution of $10k a year
ROTH IRA- $9757 contribution of $4k a year
Emergency Fund $11000
Mutual Funds- $3500
I own 2 investment properties and both rental payments are producing positive cashflow and the mortgages are at 5.75% and 6.25% 30 yr fixed. I started a small business of translation/intepretation services and all positive cashflow will be invested in retirement accounts, stocks or mutual funds.
I want to purchase diligently 3 more properties and pay all 5 off within 20 years and get an income of $60k to live off from 52-59 1/2 when I can start withdrawing money from the ROTH and 401K without any penalties.
We want to invest the extra money we have in some type of investments that would allow us to retire at 52 &54. Basically, the money we decide to invest now on non tax deffered accounts would have to last for at least 7 years. If I stick to the plan with the real estate investment properties, I would have a rental income of approximately $5000 a month/$60,000 a year alone. At the same time I want my taxable accounts to bring some money into the pot.
I've been thinking on moving the balance on both mutual funds and open Vanguard Target Retirement 2025 Fund (low expense ratio, 79.5 stocks/20.5 bonds).
Send your suggestions my way!
I will give you a quick overview of my financial situation and what my objectives and goals are.
I am 32 and the DW is 34. no kids
Currently we are bringing home around $135k a year
No credit card debt, no students loans, no HELOC, and no car payment
401k- $70k contribution of $10k a year
ROTH IRA- $9757 contribution of $4k a year
Emergency Fund $11000
Mutual Funds- $3500
I own 2 investment properties and both rental payments are producing positive cashflow and the mortgages are at 5.75% and 6.25% 30 yr fixed. I started a small business of translation/intepretation services and all positive cashflow will be invested in retirement accounts, stocks or mutual funds.
I want to purchase diligently 3 more properties and pay all 5 off within 20 years and get an income of $60k to live off from 52-59 1/2 when I can start withdrawing money from the ROTH and 401K without any penalties.
We want to invest the extra money we have in some type of investments that would allow us to retire at 52 &54. Basically, the money we decide to invest now on non tax deffered accounts would have to last for at least 7 years. If I stick to the plan with the real estate investment properties, I would have a rental income of approximately $5000 a month/$60,000 a year alone. At the same time I want my taxable accounts to bring some money into the pot.
I've been thinking on moving the balance on both mutual funds and open Vanguard Target Retirement 2025 Fund (low expense ratio, 79.5 stocks/20.5 bonds).
Send your suggestions my way!