I am finally at the point where I can start investing heavily and wanted to get some advice from everyone. As background, me and my partner are planning to put away around $100-110K/year (about 30% of gross income). I am a fan of passive index investing. Our breakdown of investments will likely look something along the lines of:
My 401(k): $18K + $8K (employer match) = $26K
His 401(k): $18K + $7.5K (employer match) = $25,500
My backdoor Roth: $5,500
His backdoor Roth: $5,500
Taxable Vanguard account: $37,500
Total: $100K/year
I have only opened my 401K recently and am invested in 25% each of small cap index, mid cap index, large cap (s&p 500) index, and international equity index through Principal financial. My partner has his 401K invested through Merrill Lynch and is solely in a Target Date retirement fund.
I'd be interested to hear everyone's thoughts or advice on how to spread out investments across the Roths and taxable Vanguard account we will open soon, in conjunction with our 401ks. I'm not sure how to set it up to be as efficient as possible both from a growth and a tax standpoint.
Thanks for any advice!
My 401(k): $18K + $8K (employer match) = $26K
His 401(k): $18K + $7.5K (employer match) = $25,500
My backdoor Roth: $5,500
His backdoor Roth: $5,500
Taxable Vanguard account: $37,500
Total: $100K/year
I have only opened my 401K recently and am invested in 25% each of small cap index, mid cap index, large cap (s&p 500) index, and international equity index through Principal financial. My partner has his 401K invested through Merrill Lynch and is solely in a Target Date retirement fund.
I'd be interested to hear everyone's thoughts or advice on how to spread out investments across the Roths and taxable Vanguard account we will open soon, in conjunction with our 401ks. I'm not sure how to set it up to be as efficient as possible both from a growth and a tax standpoint.
Thanks for any advice!
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