Helpmeretireearly
Confused about dryer sheets
- Joined
- Jan 14, 2020
- Messages
- 3
Good Morning All,
I stumbled on this great site and now I’m looking for some much needed help.
Background: 18 years till retirement. Emergency fund is at Max. Wife and I bring home roughly $200k per year. She just started her career. 20 years left on 4% int. rate mortgage. (Owe $240k/worth $475). Both will have SS.
Current Assets:
$290k in a rolled over 401k to a IRA
$44k in Roth
$6k in a Union Annuity (13k per year added)
Non active assets:
$95k in a old company annuity that pays out over 10 years. 9 more years of payouts coming.
Future assets:
Defined Pension: for every year I work I get $245/month into a pension fund. Collectible at 20 years service or sooner at a deduction. Should get 18 years in.
I feel my asset classes are all over the place and possibly over lapping a lot.
IRA (Fidelity) = FBGRX 30%, FCNTX 30%, FOCPX 20% and FXAIX 20%.
Roth (Fidelity) = FBGRX 100%
Annuity (John Hancock) = VFIAX 50% and VIGAX 50%.
It’s very simple....I want to go all in and be 100% growth for now. What would you change if this was your portfolio and had 18 years left to get it right?
Thanks you!!
I stumbled on this great site and now I’m looking for some much needed help.
Background: 18 years till retirement. Emergency fund is at Max. Wife and I bring home roughly $200k per year. She just started her career. 20 years left on 4% int. rate mortgage. (Owe $240k/worth $475). Both will have SS.
Current Assets:
$290k in a rolled over 401k to a IRA
$44k in Roth
$6k in a Union Annuity (13k per year added)
Non active assets:
$95k in a old company annuity that pays out over 10 years. 9 more years of payouts coming.
Future assets:
Defined Pension: for every year I work I get $245/month into a pension fund. Collectible at 20 years service or sooner at a deduction. Should get 18 years in.
I feel my asset classes are all over the place and possibly over lapping a lot.
IRA (Fidelity) = FBGRX 30%, FCNTX 30%, FOCPX 20% and FXAIX 20%.
Roth (Fidelity) = FBGRX 100%
Annuity (John Hancock) = VFIAX 50% and VIGAX 50%.
It’s very simple....I want to go all in and be 100% growth for now. What would you change if this was your portfolio and had 18 years left to get it right?
Thanks you!!