I write a lot about personal finance. If you are wondering what I’m doing for my own finances, here’s a detailed look at my own portfolio. I’m not going to give you dollar amounts, but percentages. If you want to know the dollar amounts, they can be expressed in one word. I have…enough:
At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, but I have something he will never have . . . enough.”
My retirement financial assets from largest to smallest include: (all percentages are rounded to the nearest whole percentage)
- 34% – My taxable mutual funds, which is where I put our retirement savings when I fill our retirement accounts. It is currently invested in:
- 55% – Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
- 44% – Vanguard Total International Stock Index Fund Admiral Shares (VTIAX)
- 1% – Individual stocks that were gifted to me.
- 27% – My Thrift Savings Plan (TSP) – Currently invested in the Lifecycle 2030 fund.
- 15% – My wife’s TSP – Currently invested in the Lifecycle 2030 fund.
- 14% – My wife’s Roth IRA – Currently invested in the Vanguard Target Retirement 2030 fund.
- 7% – My Roth IRA – Currently invested in the Vanguard Target Retirement 2030 fund.
- 1% – My wife’s individual 401k – Currently invested in the Vanguard Target Retirement 2030 fund.
- 1% – My wife has a 401k that is invested in the Fidelity® 500 Index Fund (FXAIX).
We have two Nevada 529 plans, both of which are at Vanguard and are invested in the age-based investment options.
None. Aside from credit cards we pay off every month, we’re debt free.
Overall Retirement Asset Allocation
- Stocks – 76% (target 75%)
- Bonds – 24% (target 25%)