Stillwater007
Recycles dryer sheets
- Joined
- Dec 30, 2020
- Messages
- 68
After generating savings in my Bank Account over the years and realizing I need to invest, I think I may have gotten off-target or possibly overlapping with my investments.
A brief background:
1. 7-8 years away from Retirement. I turn 50 this year.
2. Educator- will be receiving Teacher Pension which will cover 70% of salary, but my current expenses are only 40-50% of salary.
3. I will be able to meet the bare minimum to receive Social Security but it will be very small due to Windfall Elimination Provisions.
4. Plan to sell home and use the equity to by new home out of the country (live overseas).
5. I have enough in my Emergency Fund to cover a full year.
Current Investments with Vanguard:
tIRA:
35k- Wellington (25%) & Wellesley (75%)
403b Roth
1k-VBIAX (25%), VDIGX (30%), Wellesley (20%), Wellington (25%)
Roth IRA
5k- VTSAX (100%)
M1
(Roth IRA)
$500- VOO
$500- Dividend Growth PIE- a few Growth & Income ETFs and a few Individual Stocks
I realized that my original mutual fund (FGINX) with Edward Jones was a Growth & Income Fund. I moved it to Vanguard and invested it into the Wellesley and Wellington. Now I'm wondering if I should have rolled all of it into one of Vanguard Growth and Income Dividend Funds?
I still have 1k from my 2020 Roth and the full 7k for 2021 Roth unspent. I also am investing 1k a month into my 403b Roth since my job doesn't have a 401k.
I would like be a little risky since my Pension will cover the majority of my costs. But I don't want to be too risky where I lose everything. I would also like to have something for my kids when I kick the bucket. I had them in mind when I invested in VTSAX and VOO.
Should I be investing in something else?
Am I being too conservative with Wellesley?
Are Dividends are smart Retirement allocation and is VDIGX a good fund to invest in?
What should my Portfolio look like?
Sorry with so many questions. I have a new fond interest in investing, but I think I might have gotten a little carried away with my allocations.
Thank you in advance for any advice.
A brief background:
1. 7-8 years away from Retirement. I turn 50 this year.
2. Educator- will be receiving Teacher Pension which will cover 70% of salary, but my current expenses are only 40-50% of salary.
3. I will be able to meet the bare minimum to receive Social Security but it will be very small due to Windfall Elimination Provisions.
4. Plan to sell home and use the equity to by new home out of the country (live overseas).
5. I have enough in my Emergency Fund to cover a full year.
Current Investments with Vanguard:
tIRA:
35k- Wellington (25%) & Wellesley (75%)
403b Roth
1k-VBIAX (25%), VDIGX (30%), Wellesley (20%), Wellington (25%)
Roth IRA
5k- VTSAX (100%)
M1
(Roth IRA)
$500- VOO
$500- Dividend Growth PIE- a few Growth & Income ETFs and a few Individual Stocks
I realized that my original mutual fund (FGINX) with Edward Jones was a Growth & Income Fund. I moved it to Vanguard and invested it into the Wellesley and Wellington. Now I'm wondering if I should have rolled all of it into one of Vanguard Growth and Income Dividend Funds?
I still have 1k from my 2020 Roth and the full 7k for 2021 Roth unspent. I also am investing 1k a month into my 403b Roth since my job doesn't have a 401k.
I would like be a little risky since my Pension will cover the majority of my costs. But I don't want to be too risky where I lose everything. I would also like to have something for my kids when I kick the bucket. I had them in mind when I invested in VTSAX and VOO.
Should I be investing in something else?
Am I being too conservative with Wellesley?
Are Dividends are smart Retirement allocation and is VDIGX a good fund to invest in?
What should my Portfolio look like?
Sorry with so many questions. I have a new fond interest in investing, but I think I might have gotten a little carried away with my allocations.
Thank you in advance for any advice.