Relaxed Cajun
Confused about dryer sheets
- Joined
- Jun 12, 2010
- Messages
- 9
Hello, everyone.
Newbie to the forum, also have a post in the "Hi, I am" forum.
My DW and I are starting our financial planning. Here is some basics:
Current savings: 401K with $10,000, 100% in S&P 500 Index Fund
Goal: ER in 20-25 years with 4% intial withdrawal
Saving: at least 20% of gross ($60,000/yr), plus any extra at the end of the month
Nestegg goal: $3,000,000 in todays dollars (but who really knows?)
Tax bracket: 33%
Risk tolerance: moderate (but who really knows - we have not experienced a bear market with significant savings at risk)
What we would like is a good investment plan that we can set on autopilot. It does not have to have the optimal portfolio (whatever that is). We just want to get from point A to point B in the simpliest way possible.
Is there a simple, tax-efficient way to invest that requires a minimal number of funds? If something were to ever happen to me, I want my wife to be able to manage our accounts without having to rely on financial planners who charge big fees.
Thank you.
Newbie to the forum, also have a post in the "Hi, I am" forum.
My DW and I are starting our financial planning. Here is some basics:
Current savings: 401K with $10,000, 100% in S&P 500 Index Fund
Goal: ER in 20-25 years with 4% intial withdrawal
Saving: at least 20% of gross ($60,000/yr), plus any extra at the end of the month
Nestegg goal: $3,000,000 in todays dollars (but who really knows?)
Tax bracket: 33%
Risk tolerance: moderate (but who really knows - we have not experienced a bear market with significant savings at risk)
What we would like is a good investment plan that we can set on autopilot. It does not have to have the optimal portfolio (whatever that is). We just want to get from point A to point B in the simpliest way possible.
Is there a simple, tax-efficient way to invest that requires a minimal number of funds? If something were to ever happen to me, I want my wife to be able to manage our accounts without having to rely on financial planners who charge big fees.
Thank you.