Presently, my portfolio is 55% stock, 30% bonds and 15% cash, and I am looking to increase bond holdings to 35-38%. I am 54 yrs old. The bond portion is broken down as follows:
Roth: Vanguard Total Bond Market Index Admiral shares, along with a small cap growth fund
IRA: Loomis Sayles Bond, Vanguard Intermediate Term, along with a real estate fund.
Taxable: I Bonds purchased 10 years ago, Vanguard Massachusetts Tax Exempt.
I have already made my Roth contribution this year and am in the 15% federal tax bracket and state tax (MA), is 6.25%
My overall portfolio is 56% taxable and 44% tax deferred.
I always thought that bonds belong in tax deferred accounts and since I am looking to increase my holdings but have maxed out my ROTH, I wanted advice on what options I have since I am looking to reduce taxes as much as possible, but looking for funds that have somewhat decent returns. Not sure if munis are a good choice given my tax bracket, although I own the MA muni fund or what would be good taxable options.
I just started a new job and do not have access to a 401k yet.
Appreciate any opinions.
Thanks,
Joe
Roth: Vanguard Total Bond Market Index Admiral shares, along with a small cap growth fund
IRA: Loomis Sayles Bond, Vanguard Intermediate Term, along with a real estate fund.
Taxable: I Bonds purchased 10 years ago, Vanguard Massachusetts Tax Exempt.
I have already made my Roth contribution this year and am in the 15% federal tax bracket and state tax (MA), is 6.25%
My overall portfolio is 56% taxable and 44% tax deferred.
I always thought that bonds belong in tax deferred accounts and since I am looking to increase my holdings but have maxed out my ROTH, I wanted advice on what options I have since I am looking to reduce taxes as much as possible, but looking for funds that have somewhat decent returns. Not sure if munis are a good choice given my tax bracket, although I own the MA muni fund or what would be good taxable options.
I just started a new job and do not have access to a 401k yet.
Appreciate any opinions.
Thanks,
Joe