Personal Investments • Re: Your insights on our retirement prep?

Hi Milo5

Debt:
Boat, $29.3k @ 4.74%
Auto, $35.1k @ 6.02%

Taxable brokerage
1.2% - VTI (0.03%)

If the capital gains are low in this account, I would sell and use the proceeds to help pay off your car loan.

1.Overall, how are we doing & what feedback do you have for us?

Your investment choices are great and you're saving well!

Be mindful of loans...

2.Is it reasonable to target retiring at age 55? I am not sure where to start regarding estimating post-retirement expenses.
3.How do I determine if we’re potentially over-saving?

It depends on a lot of things... how well your investments perform; how much social security you expect to receive; what your expenses will be in retirement.

You can project portfolio size using this tool: https://www.portfoliovisualizer.com/mon ... simulation. You can model how much your portfolio would support in yearly expenses using that same tool and the VPW Retirement Worksheet. viewtopic.php?t=120430

This exercise won't give you hard and fast results but can give you an idea of where you're at.

4.Is our 90/10 stock/bond allocation reasonable? We’ve recently moved to 90/10 after carrying nearly 100% stock.

If you can stay the course without panic selling during a market decline, then this is a fine asset allocation to maximize expected portfolio return.

5.At what point would we benefit from working with a financial planner?

I don't think you'll ever benefit from working with a high fee Assets Under Management planner.

If you'd like another set of eyes on your situation, use this forum and/or a fee-only advisor.

For a fee only advisor, the forum has recommended PlanVision: https://planvisionmn.com/

Statistics: Posted by dogagility — Wed Mar 27, 2024 5:14 am

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