The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: traveljunkie on September 25, 2013, 06:54:34 PM
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Hello folks,
I've been a long time lurker and was wondering if you can help me out.
We currently have 5k invested in VFINX with Vanguard, but have an additional $49k that we can invest. We already max out our TSP, Roth IRAs, and SEP IRA and have an emergency fund in place.
I'm wondering if there's an amount that's "too much" to invest in just one index fund. Should we invest it all in just the one index fund we already have or spread it out over 2 or more?
Thanks.
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This is an asset allocation question. It sounds like the $49,000 is in addition to your retirement accounts. In order for the (true and self-proclaimed) experts to have an opinion, they'd want to know how you're investing in all your accounts. Your asset allocation should apply to your entire portfolio. You should also be prepared to discuss your financial goals, your ages, number of dependents, and retirement plans.
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Here's our financial situation:
Salaries: hubby $115K, me $55-60K. Our jobs are very secure. I'm in a field that even if I lost my job tomorrow, I'd be working again within a week.
Retirement accts: TSP: $315K,
Roth IRA hubby Vanguard target 2035 $68,300
SEP IRA me: VTI $17,600, Vanguard Target retirement 2035 $17,900
Roth IRA me: Vanguard target 2035 $29,200, VTI $5600
Vanguard investment acct: $5K
Home: owe what it's worth: $135K, paid $195k seven years ago
Land: $70K (paid off)
Apartment in Punta Cana: $25K (paid off)
No dependents and not planning on having kids. We hope to retire in 7 years when hubby turns 50. I'm 40. We pay off our credit cards every month (use them to get airline points) and our cars are paid off. We have $20k in savings in addition to the $49k and keep $5K in our checking acct.
Thanks.
Oops. Forgot to add my student loan: $19k at 2.125%
Not in a rush to pay this off because of the low interest rate.