Hi everyone, I didn’t take retirement seriously but life has changed my perspective on a lot of things recently. I’m looking for some advice/ opinions, much appreciated in advance!
Years until full retirement: 37
I’ve started to contribute ~$250 a month into IRA and 6% of salary (~75k) with match into 401k. 401k has about 17k. So as of now Im putting in about 1k/month with the match and In not sure it’s enough.
My questions are:
1) In roughly 37 years and a conservative outlook, will I be able to live comfortably? I know there are a bunch of factors like location, future inflation, etc but just curious. Thinking of withdrawing 60-70k a year. Honestly I’m not even factoring SSI because I doubt it’ll be a thing by then.
2) Are these portfolios good for now? I know theres some overlap in the Roth, especially Apple but thats a personal preference.
401k:
Guaranteed Interest Fund – 5%
• Dodge & Cox Income I – 5%
• MFS Value R6 – 10%
• Vanguard 500 Index Admiral (VOO equivalent) – 30%
• JPMorgan Large Cap Growth R6 – 10%
• Vanguard Mid Cap Index Admiral – 10%
• JPMorgan Mid Cap Growth R5 – 5%
• Vanguard Small Cap Index Admiral – 10%
• MFS International Diversification R6 – 5%
• Vanguard Total International Stock Index Admiral (VXUS equivalent) – 10%
ROTH: VOO (S&P 500) – 20%
• SCHG (Growth ETF) – 10%
• AAPL (Apple stock) – 5%
• SCHD (Dividend ETF) – 15%
• BRK.B (Berkshire Hathaway) – 5%
• JPM (JPMorgan Chase) – 5%
• COST (Costco) – 5%
• VB (Small-Cap ETF) – 10%
• VBQ (REITs/Real Estate ETF) – 5%
• VXUS (International ETF) – 10%
• GLD (Gold ETF) – 5%
• XLE (Energy ETF) – 5%
Considering adding VNQ, VB, VXUS
Apple has overlaps but that’s a personal preference