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I know there's not one perfect right answer for this, but I'm trying to come up with my written investing plan and figure out stock/bond percentages. I've been doing some reading both here and on bogleheads, the latter of which suggests I should have my age be the percentage of bonds I hold which I think is way too high. About me:
33yo, 3 years out of residency. Husband also 33 (non-medical)
I just paid off my student loans! Up until now, we have both been maxing out 401k's and getting matches, with all excess money going to loans, as well as the down payment on our new house. So for the first time, we are starting backdoor Roth IRAs and a taxable account at Vanguard, hence the need to come up with an asset allocation plan. Both of the 401ks are with Fidelity using the 2050 target date funds which is 10% bonds (not a lot of fund options for either of us there).
Current net worth is about 300k- most in my husband's 401k (which demonstrates the power of starting at age 22 like he did), along with my 401k and an emergency fund. I'm hoping to fully fund the backdoor roths each year along with maybe 20-30k going into the taxable account, depending on what my productivity bonuses are. For the record I'm employed so don't have access to other tax-advantaged funds, and my health insurance doesn't qualify for me to do an HSA.
What seems reasonable to start off here, given that we're kinda just getting started? 10% bonds? 20%? Any takers for the boglehead rec of my age- 33%??
33yo, 3 years out of residency. Husband also 33 (non-medical)
I just paid off my student loans! Up until now, we have both been maxing out 401k's and getting matches, with all excess money going to loans, as well as the down payment on our new house. So for the first time, we are starting backdoor Roth IRAs and a taxable account at Vanguard, hence the need to come up with an asset allocation plan. Both of the 401ks are with Fidelity using the 2050 target date funds which is 10% bonds (not a lot of fund options for either of us there).
Current net worth is about 300k- most in my husband's 401k (which demonstrates the power of starting at age 22 like he did), along with my 401k and an emergency fund. I'm hoping to fully fund the backdoor roths each year along with maybe 20-30k going into the taxable account, depending on what my productivity bonuses are. For the record I'm employed so don't have access to other tax-advantaged funds, and my health insurance doesn't qualify for me to do an HSA.
What seems reasonable to start off here, given that we're kinda just getting started? 10% bonds? 20%? Any takers for the boglehead rec of my age- 33%??
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