I'm 35. Between my wife and I we've got a pretty good amount saved- \~2.3 million in brokerage accounts, \~1.4 million in retirement. I'm starting to think about an early retirement.
From what I read, we can safely withdraw \~3% of our assets a year at such an early retirement age.
However, I'm wondering what the asset distribution should be. Our retirement money is mostly in a Vanguard target date fund, and most of the rest is split between VTI and VXUS. Outside of our retirement fund, we don't have any bonds and keep minimal cash.
Does it make sense to keep bonds outside of the retirement retirement account? It's more stable, but forces the gain from the bonds to be realized (we live in NJ so I think we need to pay state tax even if we get federally exempt bonds) as well as counts against us for ACA subsidies, which we'll need as we're nowhere near medicare age.
And should we maintain some % of our money as cash?
If yes, what should be be targeting for bonds and cash?
Thanks!