First of all let me say I have learned so much from reading all of your posts and just wanted to say thanks.
My backround....
1)I have no credit card debt and have 3 month emergency fund.
2)I am 36 and would like to fire at age 55.My wife and I make about 85,000 per year(2 Kids)
3)I will have a pension worth 70% of my pay (50,000 in today dollars)with a 15yr 2.5% COLA
4)I have 93,000 in 457/401k plans as of now.
5)My 457 plan is in B shares and my wife's 401k is in C shares.
6)We put in $288 per week into my 457 and 50 per week into her 401k.Her company puts in 3% of her salary no matter what she puts in.
My Questions....
Am I diversified
Mine are all oppenheimer funds (All B shares)
Global opportunities 22% of portfolio
Small and Mid cap 37% of portfolio
Quest ballanced fund 14% (it's a Hybrid fund)
Main st Fund 27% OF PORFOLIO
My wife's(all C shares)
Mfs. Growth Allocation 50%
Mfs Aggressive Growth Allocation 50%
I also want to open a Roth and can afford about 4,000 per year.Should I take some of the money going into my 457/401k and max out a second roth in my wife's name.Any help would be great and thanks in advance.
My backround....
1)I have no credit card debt and have 3 month emergency fund.
2)I am 36 and would like to fire at age 55.My wife and I make about 85,000 per year(2 Kids)
3)I will have a pension worth 70% of my pay (50,000 in today dollars)with a 15yr 2.5% COLA
4)I have 93,000 in 457/401k plans as of now.
5)My 457 plan is in B shares and my wife's 401k is in C shares.
6)We put in $288 per week into my 457 and 50 per week into her 401k.Her company puts in 3% of her salary no matter what she puts in.
My Questions....
Am I diversified
Mine are all oppenheimer funds (All B shares)
Global opportunities 22% of portfolio
Small and Mid cap 37% of portfolio
Quest ballanced fund 14% (it's a Hybrid fund)
Main st Fund 27% OF PORFOLIO
My wife's(all C shares)
Mfs. Growth Allocation 50%
Mfs Aggressive Growth Allocation 50%
I also want to open a Roth and can afford about 4,000 per year.Should I take some of the money going into my 457/401k and max out a second roth in my wife's name.Any help would be great and thanks in advance.