Background: DINKS (Double Income, No Kids).
No debt except for revolving credit.
Age (him/her) - 39/37
Marital Status (tax filing): Married, filing jointly
Income (You): 135k
Income (Significant Other): 76k
Tax Bracket: 28%
Residency: WI
Expenses (Monthly): 2.5k per month, including couple of local travels per year, one international travel per year, expenses for elderly dependents (non-deductible), real estate taxes, condo fees, utilities, entertainment and groceries.
Assets
Home: 175k (fully paid)
Personal property: 25k
Emergency Fund: 225k (CapitalOne360, MangoMoney accounts)
Taxable Brokerage Account Asset Allocation: 33k (all stocks)
Tax Advantaged Account: 300k (40% stocks, 10% bonds, 50% money market)
Other Real Estate Other Assets Liabilities Credit Card Debt Personal Loans Student Loans Mortgage HEL/HELOC Other Debt Goals: Zero
Tell us what you are looking to achieve:
Let us know how you feel about risk, for example, if the market was to drop 20% this month would you:
Hold + Buy More
Follow up questions from Matt
What's the deal with the $225K in 'Emergency Fund'? An EF is supposed to be 3-6 months of expenses, so maybe $15K for you guys.
No debt except for revolving credit.
Age (him/her) - 39/37
Marital Status (tax filing): Married, filing jointly
Income (You): 135k
Income (Significant Other): 76k
Tax Bracket: 28%
Residency: WI
Expenses (Monthly): 2.5k per month, including couple of local travels per year, one international travel per year, expenses for elderly dependents (non-deductible), real estate taxes, condo fees, utilities, entertainment and groceries.
Assets
Home: 175k (fully paid)
Personal property: 25k
Emergency Fund: 225k (CapitalOne360, MangoMoney accounts)
Taxable Brokerage Account Asset Allocation: 33k (all stocks)
Tax Advantaged Account: 300k (40% stocks, 10% bonds, 50% money market)
Other Real Estate Other Assets Liabilities Credit Card Debt Personal Loans Student Loans Mortgage HEL/HELOC Other Debt Goals: Zero
Tell us what you are looking to achieve:
- When can we retire? Is 2020 doable?
- Avenues for Capital appreciation over the next 10 years.
- How to invest 10k bonus received from the company each year.
- Been waiting for market correction since Dec 2013.
Let us know how you feel about risk, for example, if the market was to drop 20% this month would you:
Hold + Buy More
Follow up questions from Matt
What's the deal with the $225K in 'Emergency Fund'? An EF is supposed to be 3-6 months of expenses, so maybe $15K for you guys.
- 225k because we were waiting for a correction to get into the market but even then, wouldn't invest more than 50k. Don't know where else to park the money.
- Both 401ks maxed out. HSA - none, but seems like a good idea and will look into it.