Whew! I have been working through all the info here and on the WCI course to bring myself up to speed on allocating our assets in the various accounts. I am suffering from paralysis by analysis and just want to get started! MY wife's 401k is currently in the vanguard retirement 2045 fund which for now is fine but I would like to take a LITTLE more control of things besides just that. However, I am not confident yet in my overall knowledge. So, in setting up our backdoor roths I was going to go for some more specific funds. I took the Vanguard risk tolerance survey and is said I should go 80/20 stocks to bonds. So I was thinking...
This is me totally shooting off the cuff here just to get some momentum and something down on paper. I went for a mix obviously of US/International to get to my percentages. Could that basically be it until I get more knowledge? I realize there is no real estate in there so perhaps I could shift around to get 5-10% there as well. Is there much penalty to reallocate soon after initially setting everything up? Ugh its like drinking from a fire hose sometimes!
Thanks so much!
- 50% VTSMX
- 30% VGTSX
- 10% VBMX
- 10% VTIBX
This is me totally shooting off the cuff here just to get some momentum and something down on paper. I went for a mix obviously of US/International to get to my percentages. Could that basically be it until I get more knowledge? I realize there is no real estate in there so perhaps I could shift around to get 5-10% there as well. Is there much penalty to reallocate soon after initially setting everything up? Ugh its like drinking from a fire hose sometimes!
Thanks so much!
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