Hi all,
Ive been lurking for the past 3 months or so but this is my first post. Ive found lots of great information here. A little background - my wife and I are both 33 and recently married. There are no kids as of yet although they are in the plans in the next couple of years. My goal is to be retired at 50 at the latest, preferebly earlier. I like my job but I there are tons of things Id rather be doing that I like better. My wife has a lot of responsibilty, likes her job to an extent but works way to many hours and quality of life is suffering. We live in the DC Metro area. Combined salary of approx 210K with another 60K in bonus. Only debt is our mortgage of $525K. We have $250K in retirement accounts,50K in taxable, 200K in equity. We both are maxing our 401K's and Im currently trying to set up our taxable portfolio. Im trying to get a handle on our expenses but we do spend a fair amount right now getting settled into our house we bought last year and we also go out to nice restaurants probably twice a week.
I am currently setting up a taxable portfolio at Vanguard and have looked into the tax managed funds they offer. Someone here had posted a 20 year portfolio and I was looking at doing something similar.
Taxable Account 20 year account: William Bernstein
30% Vanguard Tax-managed Growth & Income
20% Vanguard Intermediate Term Tax exempt
20% Vanguard Limited Term Tax exempt
15% Vanguard Tax-Managed Small Cap
15% Vanguard Tax-Managed International
Is this what I should be looking for with lets say 15-17 years left until retirement? Should I be that concentrated into bonds(40%) or should I look into adding another fund or so. I'll consider any recommendations you all have.
thanks for listening, sorry it was so long winded.
RetireAt50
Ive been lurking for the past 3 months or so but this is my first post. Ive found lots of great information here. A little background - my wife and I are both 33 and recently married. There are no kids as of yet although they are in the plans in the next couple of years. My goal is to be retired at 50 at the latest, preferebly earlier. I like my job but I there are tons of things Id rather be doing that I like better. My wife has a lot of responsibilty, likes her job to an extent but works way to many hours and quality of life is suffering. We live in the DC Metro area. Combined salary of approx 210K with another 60K in bonus. Only debt is our mortgage of $525K. We have $250K in retirement accounts,50K in taxable, 200K in equity. We both are maxing our 401K's and Im currently trying to set up our taxable portfolio. Im trying to get a handle on our expenses but we do spend a fair amount right now getting settled into our house we bought last year and we also go out to nice restaurants probably twice a week.
I am currently setting up a taxable portfolio at Vanguard and have looked into the tax managed funds they offer. Someone here had posted a 20 year portfolio and I was looking at doing something similar.
Taxable Account 20 year account: William Bernstein
30% Vanguard Tax-managed Growth & Income
20% Vanguard Intermediate Term Tax exempt
20% Vanguard Limited Term Tax exempt
15% Vanguard Tax-Managed Small Cap
15% Vanguard Tax-Managed International
Is this what I should be looking for with lets say 15-17 years left until retirement? Should I be that concentrated into bonds(40%) or should I look into adding another fund or so. I'll consider any recommendations you all have.
thanks for listening, sorry it was so long winded.
RetireAt50