It has occurred to me that it might be a very good idea to present my wife’s financial situation in hopes of receiving some feedback, ideas, and direction that could applied to her investments.
(Actually, we are not legally married, but have been living together for 26 years. It's just easier and quicker to say "married" than to say anything else. And, saying "married" works great when you're in the emergency room).
Worked for 20 years as an elementary school teacher: retired 7 years ago.
69 years old
No debt, house paid for. Car has 23, 000 miles. Has Medicare. Has me.
Spent: $36,287.37 (From June 30, 2012 to June 30, 2013).
Here’s what else she has:
Pension $2600 per month
Social Security: $130 per month
Vanguard Individual Acct.
VMFXX: Fed. MM account: $6500
VFIIX: GMNA: $38,000
VGHCX: Health Care Fund: $13000
VIPSX: Tips Fund: $5000
VFISX: S-T Treasury $13,000
Anyway, Vanguard Total comes to about $76,000
++++
Vanguard: IRA Acct
VTINX: Target Retirement Income Acct. (This was originally the Target Date 2005 Fund but morphed into the Target Retirement Income Fund).
This fund fund’s value: $440,000
According to Vanguard Asset Mix: 27.7% stocks; 66.7% bonds; 5.6% short-term reserves.
+++
Scottrade Roth IRA acct:
DODIX: Dodge & Cox Income Fund: $8,5000
VFIIX: Van GNMA Fund: $8,000
Fidelity:
IRA ACCT:
Money Market Fund: $98,000 (this was a CD that was paying 5% for many years, but finally came due).
So, she has been conservative and that won’t be changing any time soon. However, she is willing to make some changes in the make-up of her portfolio. And, I’m beginning to feeling a bit guilty about charging her two percent of assets under management, plus 20% of the profits (I’ve been lying about the profits for the last few years) plus a .25% fee for office supplies.
Where do we go from here?
(Actually, we are not legally married, but have been living together for 26 years. It's just easier and quicker to say "married" than to say anything else. And, saying "married" works great when you're in the emergency room).
Worked for 20 years as an elementary school teacher: retired 7 years ago.
69 years old
No debt, house paid for. Car has 23, 000 miles. Has Medicare. Has me.
Spent: $36,287.37 (From June 30, 2012 to June 30, 2013).
Here’s what else she has:
Pension $2600 per month
Social Security: $130 per month
Vanguard Individual Acct.
VMFXX: Fed. MM account: $6500
VFIIX: GMNA: $38,000
VGHCX: Health Care Fund: $13000
VIPSX: Tips Fund: $5000
VFISX: S-T Treasury $13,000
Anyway, Vanguard Total comes to about $76,000
++++
Vanguard: IRA Acct
VTINX: Target Retirement Income Acct. (This was originally the Target Date 2005 Fund but morphed into the Target Retirement Income Fund).
This fund fund’s value: $440,000
According to Vanguard Asset Mix: 27.7% stocks; 66.7% bonds; 5.6% short-term reserves.
+++
Scottrade Roth IRA acct:
DODIX: Dodge & Cox Income Fund: $8,5000
VFIIX: Van GNMA Fund: $8,000
Fidelity:
IRA ACCT:
Money Market Fund: $98,000 (this was a CD that was paying 5% for many years, but finally came due).
So, she has been conservative and that won’t be changing any time soon. However, she is willing to make some changes in the make-up of her portfolio. And, I’m beginning to feeling a bit guilty about charging her two percent of assets under management, plus 20% of the profits (I’ve been lying about the profits for the last few years) plus a .25% fee for office supplies.
Where do we go from here?
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