Goals, Investing, Retirement

Current Retirement Asset Class Allocation

Here’s a look at our current retirement investment portfolio.  These numbers are current as of today.  This breakdown does not include my wife’s pension plan, nor does it include money invested for college education savings.  We use four accounts to save for retirement (in addition to my wife’s pension).  My 403(b), my Roth IRA, my wife’s Roth IRA, and a SEP IRA for business income investing. Large Cap / Total US Market = 46% Mid Cap / Small Cap = 34% International = 17% Cash / Bonds = 2% The majority of the large cap / total US market stocks are held in Vanguard’s VTI ETF – which tracks the broader US market.  The majority of mid / small cap…

Continue Reading
Banking, Investing, Retirement

Roth IRA Deposit Gone Awry

I have just gotten off of the phone after the better part of an hour.   I can’t be sure, but I think I’ve fixed a problem, that until today, I never knew existed. The background – I have a Roth IRA.  My wife has a Roth IRA.  One of my goals for 2009, is to fully-fund both Roth IRAs.  We have a joint checking account.  From time to time, I will send a payment (deposit) from our checking account to the brokerage where we have our Roth IRAs.  Clear enough?  Good. The problem – Last week, I logged in to my checking account, and initiated two payments (deposits), one for my Roth, one for my wife’s Roth. Today, when…

Continue Reading
Feedback, Investing, Retirement, Saving Money

A 10 Step Outline Of Our Financial Plan

From a recent email – I love your site!  (Thank you…)  I’ve been working on a basic plan for managing my finances.  Could you write a post about your current plan?  Or maybe a post about some of the things you’ve done to get where you are?  Thanks! I love it when I get questions like these.  It makes me happy to see that folks are taking control of their own finances.  Bravo!  So, here are the basic steps I’ve taken (and plan to take), with links for further reading. 1.  I stopped using credit cards. Before I could fill in the hole, I had to stop digging it deeper.  Putting my credit card in my wallet, and just leaving…

Continue Reading