Hi all,
I've started reading the blog/forums and wish I had back in residency or med school. I'd appreciate some advice or pointers on starting a taxable account to go with my other savings.
Background: I went the MD/PhD route so on the plus side I have zero student debt (or any other type of debt), but on the minus side I'm 35 years old and only just started my first attending job this year, so I'm getting a late start on a taxable account. I'm unmarried, have no kids and no plans for them. I do have a Roth IRA which I've had for ~15 years now; I have a 401(a) from residency that is allocated into a university-specific target date fund but won't get any more contributions as I'm not there anymore. My new job is with a County system and has a 457(b) plan which I will contribute the $18k max to as well as a real pension plan on retirement. I live in a relatively expensive city, that said (Los Angeles).
If I have no major life changes, the main goal would be to save enough for potential retirement in ~20 years. My Roth IRA is at Vanguard and at ~80% 500 Index Fund Admiral Shares (VFIAX), 10% Inflation-Protected Securities Fund Investor Shares (VIPSX), and 10% REIT Index Fund Admiral Shares (VGSLX). I've seen a couple of opinions on the plusses of having international funds but don't currently have any. I'd like to hear people's folks on what kind of asset allocation would make sense for starting a taxable account, or if I should be re-allocating what I have in my Roth IRA.
Thanks in advance for the input!
I've started reading the blog/forums and wish I had back in residency or med school. I'd appreciate some advice or pointers on starting a taxable account to go with my other savings.
Background: I went the MD/PhD route so on the plus side I have zero student debt (or any other type of debt), but on the minus side I'm 35 years old and only just started my first attending job this year, so I'm getting a late start on a taxable account. I'm unmarried, have no kids and no plans for them. I do have a Roth IRA which I've had for ~15 years now; I have a 401(a) from residency that is allocated into a university-specific target date fund but won't get any more contributions as I'm not there anymore. My new job is with a County system and has a 457(b) plan which I will contribute the $18k max to as well as a real pension plan on retirement. I live in a relatively expensive city, that said (Los Angeles).
If I have no major life changes, the main goal would be to save enough for potential retirement in ~20 years. My Roth IRA is at Vanguard and at ~80% 500 Index Fund Admiral Shares (VFIAX), 10% Inflation-Protected Securities Fund Investor Shares (VIPSX), and 10% REIT Index Fund Admiral Shares (VGSLX). I've seen a couple of opinions on the plusses of having international funds but don't currently have any. I'd like to hear people's folks on what kind of asset allocation would make sense for starting a taxable account, or if I should be re-allocating what I have in my Roth IRA.
Thanks in advance for the input!
Comment