Emergency funds: 6 months
Debt: 0; don't own a car or house and no plans to do so in foreseeable future
Tax rate: 21% federal, 5.6% state
Age: late 20s
Residence: DC/NoVa/MD area
Desired Asset Allocation: 90% stocks / 10% bonds
Salary: low 6 figures
401k: $45,000 in Vanguard Target Retirement 2055 Trust Select
Maxed out this year and last year. My employer unfortunately does not offer the Mega Backdoor Roth option.
Roth IRA: $13,500.
- $6,000 in Vanguard Total International Stock Index Fund Investor Shares
- $7,500 in Vanguard Total Stock Market Index Fund Investor Shares
Employer pension: $10,500. Pretty hands off with this one.
Maxed out last year and on track to max it out this year through payroll deductions. My employer does not offer good investment options, so I plan on opening a new HSA account sometime next year to do a one-time transfer to a different HSA provider with better investment options.
Taxable account: $15,000.
- $10k in Vanguard Total Stock Market Index Fund Admiral Shares
- $5k in Vanguard Small Capitalization Value Index Fund Investor Shares
1. How can I re-adjust and simplify my portfolio?
2. Where should I invest in bonds for the best tax benefits?
3. I am looking to fund about 4 months of travel during summer 2019 and would be unemployed at that time. If I invest $10,000 in the next few months, where would the wisest / safest place to do so?
4. In regards to financial goals, I am interested in aggressively saving as much as I can to retire a decade early. What are the things I should be thinking about now to make sure I have cash flow before I am able to tap into my retirement money?