Portfolio review

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Topic Author
ctvader
Posts: 15
Joined: Sun Aug 29, 2021 8:50 am

Portfolio review

Post by ctvader »

Hi all. I asked a 401k/tax question yesterday and realized I had my non-tax amount wrong when I asked the question. That got me thinking that I should ask for a portfolio review so here it goes.

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Emergency funds: Yes, including ~$250k in cash.

Debt:
- Mortgage 20 years left, $265k remaining, rate of 3.875%, mkt value at $550,000
- No other debt

Tax Filing Status: Married Filing Jointly

Income - $258,000, not including my (his) bonus & ltip (long term incentive plan)

Tax Rate: 24% Federal, 6.9% State

State of Residence: CT

Age:
Me - 49 (50 in sep)
Wife- 52

Desired Asset allocation: 80% stocks / 20% bonds/cash/fixed income
Desired International allocation: 10% of stocks (at most)

Total portfolio: $2.5m, including equity in house & cars (both paid for)
Monthly expenses - ~$8k

Taxable
$250k in cash, including emergency fund (~$8k/mo in expenses)
Etrade - $47,794 (play money)
RSUs and Options - $91,123 (can't sell until 3/30/2022. RSUs will be liquidated on first possible day)
My Vanguard brokerage accounts - $107,360.84
- Vanguard S&P 500 Index - $91,758.03
- Vanguard Total Stock MKT - $5,148.68
- Vanguard Growth Index - $10,454.13
Joint Vanguard brokerage accounts - $19,015.26
- Fidelity Advisor New Insights (transferred from fin advisor - planning to move into VTSAX)

Non-Taxable
His 401k
$13,188.56 - Vanguard Target Retirement 2055 Fund Investor Shares

Company match?
Yes - 6% up to $10,000

His IRA at Vanguard
Traditional/Rollover - $1,412.251.97
- Vanguard Total International Stock Index Fund - $121,004.20
- Vanguard Federal Money Market Fund - $11,056.74
- Vanguard Total Bond Market Index Fund - $198,050.16
- Vanguard Total Stock Market Index Fund - $1,082,140.87
Roth IRA - $4,987.41
- Vanguard LifeStrategy Growth Fund - $4,987.41 (transferred from prev fin advisor)


Her Traditional IRA at Vanguard
Traditional/Rollover - $173,657.70
- Vanguard Total International Stock Index Fund - $16,598.91
- Vanguard Federal Money Market Fund - $2,102.40
- Vanguard Total Bond Market Index Fund - $24,880.49
- Vanguard Total Stock Market Index Fund - $130,084.89

529 Accounts - $97,660.66
Daughter (sophomore in college)
- CHET CT Moderate Growth - $28,247.37
Son (sophomore in high school)
- CHET CT 500 Index - $69,413.28

2022 Contributions
$27k to his 401k (match of 6% of salary up to 10k)
$27k to her 403b

His available funds
Funds available in his 401(k)
Name/Inception Date
FID 500 INDEX (FXAIX)02/17/1988 
VANG GROWTH IDX ADM (VIGAX)11/02/1992 
VANG TOT STK MKT ADM (VTSAX)04/27/1992 
VANG VALUE IDX ADM (VVIAX)11/02/1992 
INVS DISC MDCP GR R6 (OEGIX)11/01/2000 
VANG MDCPGR IDX ADM (VMGMX)08/17/2006 
VANG MDCPVAL IDX ADM (VMVAX)08/17/2006 
JPM SM CAP GROWTH R6 (JGSMX)07/01/1991 
VANG SMCP GR IDX ADM (VSGAX)05/21/1998 
VANG SMCPVL IDX ADM (VSIAX)05/21/1998 
AF CAP WORLD G&I R6 (RWIGX)03/26/1993 
AF NEW PERSPECT R6 (RNPGX)03/13/1973 
MFS RESEARCH INTL R6 (MRSKX)01/02/1997 
VANG EM STK IDX ADM (VEMAX)05/04/1994 
VANG TOT INTL STK AD (VTIAX)04/29/1996 
FID REAL ESTATE INVS (FRESX)11/17/1986 
FID SEL GOLD (FSAGX)12/16/1985 
AF BALANCED R6 (RLBGX)07/25/1975 
VANG TARGET RET 2015 (VTXVX)10/27/2003 
VANG TARGET RET 2020 (VTWNX)06/07/2006 
VANG TARGET RET 2025 (VTTVX)10/27/2003 
VANG TARGET RET 2030 (VTHRX)06/07/2006 
VANG TARGET RET 2035 (VTTHX)10/27/2003 
VANG TARGET RET 2040 (VFORX)06/07/2006 
VANG TARGET RET 2045 (VTIVX)10/27/2003 
VANG TARGET RET 2050 (VFIFX)06/07/2006 
VANG TARGET RET 2055 (VFFVX)08/18/2010 
VANG TARGET RET 2060 (VTTSX)01/19/2012 
VANG TARGET RET 2065 (VLXVX)07/12/2017 
VANG TARGET RET INC (VTINX)10/27/2003 
WF STABLE FUND C10/01/1985 
AF BOND FD AMER R6 (RBFGX)05/28/1974 
PIONEER STRAT INC Y (STRYX)04/15/1999 
VANG ST INV GR ADM (VFSUX)10/29/1982 
FID TREAS MM DM CL (FDUXX)08/31/1983 

Funds available in her 403(b)
She just started a new job so more to come

Questions:
1. I know I have some cleanup to do on the funds that we xfered in to Vanguard from our fin advisor. Just looking for/asking for anything that jumps out as a red flag. 80/20 (stock/bonds-fixed income) is our goal but not a hard and fast rule. Plan to move to 70/30 by the time I'm 60 & 60/40 by the time I'm 65


Key Points
Mortgage - Plan on paying off mortgage in 2022 depending on how RSUs and options do. I know the math states paying off the mortgage is not the best choice but the psychological impact at age 50 is more important than the math. Once mortgage is paid off, the mortgage payment amt will be invested in Vanguard Total Stock Market index
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