I've been researching and researching and feel my plan coming together, but I am hoping to get some tips on portfolio allocation using multiple accounts so I can officially get started.
I am 27, Annual income 75K+ (aiming for 100K by next year), and annual expenses under 20k. I'm planning on increasing my savings rate, and decreasing my spending as much as possible with a goal of FI in 10 years.
Accounts:
Simple IRA - Scottrade (8,800 contributed in 2013)
Roth IRA (5,500 for 2013)
Taxable Account (36,000)
Emergency Savings Account (12,000)
So I want to allocate 90% stocks, 10% bonds. (at least until interest rates go up, may go 95/5?)
I wanted to break up the 90% in:
70% - Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
20% - International Market (ideas??? VBTLX??)
For Bonds, I might keep it simple with Vanguard's Total Bond Market Fund (VBTLX), although I was looking at REIT in place until Interest Rates go up a bit more.
So for tax-efficiency what suggestions if any?
I've read through the wiki on the subject, looking for extra insight.
http://www.bogleheads.org/wiki/Asset_allocation_in_multiple_accountsThanks everyone! Love these forums!