43, divorced, 2 dependents. Florida (HCOL). Self-employed. HoH.
Income usually $100k–$200k; this year \~$400k–$500k. Expect reversion but with occasional high-income years. Looking to follow the Boglehead way after becoming financially secure. I used GPT to organize my stats here.
Assets:
* Taxable: \~$186k (mostly VTSAX; includes \~$6k in VUSXX as cash)
* Traditional IRA: \~$36k (mostly VTSAX, $7.5k BND)
* Old 401(k): \~$14k (to be rolled into IRA)
* Home: owned free and clear (\~$580k)
* No debt
Cash:
* \~$7k personal
* \~$27k business operating (used for all spending)
Expenses:
* \~$5-6k/month typically
Risk tolerance aggressive. Time horizon \~15 years (prefer flexibility sooner). Portfolio currently very US-equity heavy; bonds and international exposure are minimal so far.
Plan to open and fund a Solo 401(k) for tax reduction this year.
Looking for input on:
* Allocation given income volatility
* Appropriate cash level
* Solo 401(k) strategy
* Tax-efficient placement
* Any blind spots