I am 35 years old, married (partner has own assets), have a new $1M mortgage, and have after 7 years working with an advisor at Empower/Personal Capital, I am now out and managing my portfolio on my own.
Assets are currently:
- $30K in Vanguard Trad IRA Brokerage (60% VTSAX, 40% VTIAX)
- $85K in Vanguard Roth IRA Brokerage (100% VTSAX)
- $260K in Vanguard Brokerage (Empower’s allocated funds in individual stocks and ETFs that I will slowly sell and invest in index funds)
- $30K in 401K (mix of SPY and Target Date Fund)
- $30K in HYSA
Our joint income is above the Roth income limit and I have not seriously considered backdoor contributions but will if I should. I now realize my retirement funds should be more cautious, such as target date funds in IRAs.
How do you recommend I work in more target date funds or safer investments for retirement as I start the self managed portfolio?