Please review and advise (what would you suggest)

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Brotho5234
Posts: 15
Joined: Sat Feb 06, 2021 5:09 pm

Please review and advise (what would you suggest)

Post by Brotho5234 »

Here goes ..........

Emergency funds: 50K O/H

Debt: 0

Tax Filing Status: Married Filing Jointly

State of Residence: Ma

Age: Me 60 Sp 59

ME------

VG ROTH (128k)
BNDX 13k
VXUS 64k
VTI 51K
_______________
Cash Brokerage Acct
FMFXX 5K
VTI 31K
________________
VG TRAD (91K)
BND 87K
BNDX 4K
________________
SEP (not contributing) 30K
SIMPLE - Allianz Instant Cash Bonus Annuity 10 35K
NWM - Variable Annuity 41K
(76% Equities(US 32%LG- 8Mid-5% Small cap-25% Dev-4% RE) - 24% Fixed)
I-Bonds - 20K
NWM - Adjustable Comp-life Whole 57K

_____________________________________________________________

WIFE ------

VG ROTH (118K)
VXUS 38K
VTI 80K
VG TRAD (65K)
BND - 31K
BNDX - 34K
_________________________
I-BONDS - 20K




_______________________________________________________________
Last edited by Brotho5234 on Wed Jun 07, 2023 7:10 am, edited 1 time in total.
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Watty
Posts: 28860
Joined: Wed Oct 10, 2007 3:55 pm

Re: Please review and advise (what would you suggest)

Post by Watty »

There is a suggested format for asking portfolio question and if you post your information using that as a guideline you may be better responses.

viewtopic.php?t=6212
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Beensabu
Posts: 5657
Joined: Sun Aug 14, 2016 3:22 pm

Re: Please review and advise (what would you suggest)

Post by Beensabu »

Okay. You have $458k in retirement funds, plus the annuties and life insurance policy.

I spiffied this part up for you a bit to make it easier on people.

--
AA is ~58/42

38% of stocks international
19% of bonds international
--

Him:

Roth IRA
3% Vanguard Total International Bond Index Fund (BNDX) 0.07%
14% Vanguard Total International Stock Index Fund (VXUS) 0.07%
11% Vanguard Total Stock Market Index Fund (VTI) 0.03%

Cash Brokerage Acct
1% Franklin U.S. Government Money Fund - Class A (FMFXX) 0.53%
7% Vanguard Total Stock Market Index Fund (VTI) 0.03%

Traditional IRA
19% Vanguard Total Bond Market Index Fund (BND) 0.03%
1% Vanguard Total International Bond Index Fund (BNDX) 0.07%

Her:

Roth IRA
8% Vanguard Total International Stock Index Fund (VXUS) 0.07%
17% Vanguard Total Stock Market Index Fund (VTI) 0.03%

Traditional IRA
7% Vanguard Total Bond Market Index Fund (BND) 0.03%
7% Vanguard Total International Bond Index Fund (BNDX) 0.07%

4% I-BONDS

I lost 1% in there somewhere in the rounding, but you get the idea.
--

What was/were your question(s)? You're prepping for retirement, right? Wanting to figure out when you can retire?

What are your anticipated annual expenses in retirement?

How much will each of the annuities pay out yearly? Do any of them have survivor benefits, and if so how much will that pay out yearly?

What will your annual social security benefit be if you take it starting at 62, 67, and 70?

What will your wife's annual social security benefit be if she takes it starting at 62, 67, and 70?

When would you like to retire?
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
billfromct
Posts: 2057
Joined: Tue Dec 03, 2013 8:05 am

Re: Please review and advise (what would you suggest)

Post by billfromct »

The Massachusetts state income tax is now a flat rate of 5%.

Maybe you should check your tax software or check with your accountant because you’re paying too much.

bill
dbr
Posts: 46181
Joined: Sun Mar 04, 2007 8:50 am

Re: Please review and advise (what would you suggest)

Post by dbr »

Assuming your question is to resolve when/if/at what standard of living you can retire it might be helpful to run at least one retirement spending model such as www.firecalc.com There are many such, but at a minimum you need a statistically stated forecast allowing for desired spending and taking into account all your sources of income and with inflation allowed for.
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