Retirement Savings -- Countup

[Scallywag]

What is going on with the Coverdell? I have my kiddos in VTI which underperforms the SP but I like the more stability and mine graduate 2028 and 2030. So I would seriously consider mitigating risk right now if you have one graduating in 2021. I think the market extremely hot and it's possibly a 10-15% pull back this year or next. I am already planning on shifting in 2024 and 2028 into a 70/30 or 60/40 portfolio knowing that i can ride it out until 2034 to need the money at the latest.

I absolutely would count the $50k for college. You saved it and now there is $50k less loans. I would look at keeping things simple and trying to build the lazy man 3 ETF portfolio. VTI, BND, and VXUS. I would do something super simple 60% VTI, 20% VXUS, and 20% BND. And then I would decrease annually VXUS and VTI and increase BND

If you have time read intelligent asset allocation by william bernstein that will explain the efficient frontier. Brilliant and what I think the basis of diversifying. However I don't think most people have the time or energy to properly build their portfolio. I do it myself personally with ETFs because I don't have the time to pick stocks and efficiently build my model. However last year we did around 35% total portfolio carrying a bond weight of about 15% to show you what the diversification can do.

i'm currently rebalancing for the year. I also am limited by my DH's 401k and start from there and build our my portfolio individually for tax maximizations. But I KISS for kids coverdell and UGMA. VTI all the way right now. They are going whole hog 100% stock and I should do the S and P but I want to do something less risky at 100% stock investment. I don't need it to bear huge fruit but just some

Thank you. I should be rebalancing too as her Coverdell is 100% in stocks! The Dow just almost breached 29000? Can you say "mass hysteria"?

[Randomsaver]

there was a deletion of posts that is why the thread has been trimmed.



Retirement savings : $200k

$210k

[FoolFromAZ]

Hi OP, what’s your asset allocation? Your asset went up about 35% in 13 months.

[greenskeeper]

Hi OP, what’s your asset allocation? Your asset went up about 35% in 13 months.

I'm gonna guess stocks

[greenskeeper]

up to 130k....100% stocks for another 20 years or so.

[Randomsaver]

Apr 2020

Retirement Savings: $ 187K
Non-Retirement Savings: $ 124K
College Savings: $ 21K

[Randomsaver]

up to 130k....100% stocks for another 20 years or so.

Oh man, I can't seem to do 100% stocks. I can go as far as 80%.

[corn18]

First time I've seen this:

[disneysteve]

First time I've seen this:

Excellent! Way to go, corn! What a long way you've come since you joined the site.

[james.hendrickson]

First time I've seen this:

Corn, you're a millionaire, great, great job!!!!!

[Jluke]

First time I've seen this:

First million is the hardest.

did you make the second million all in the past year?

great story over the years and fantastic job.

[disneysteve]

First million is the hardest.

That's quite true. It took us 25 years to get the first million. Just 2-1/2 years later we're a third of the way to the second million, so hopefully 5 or 6 more years and we'll be there. That would be 1/3 of the time it took to get to $1 million.

[Jluke]

Corn, you're a millionaire, great, great job!!!!!

Multi-millionaire

[corn18]

This is what that looks like after I pay taxes and penalties ($1.3M)



Kindof cool and sad at the same time.

[Randomsaver]

Jun 2020

401 Retirement Savings: $ 154K
IRA Retirement Savings $ 12K
Non-Retirement Savings: $ 170K
College Savings: $ 24K