Hey everyone.
First post on here...the wife and I have been reading as much MMM as we can since finding it a few months back. Love the information we find here and the inspiration to improve all aspects of our lives. We are about to contribute more money to our future and I thought I'd see if we should do anything differently with our retirement savings.
Current total retirement savings: $560,658.61
MM_MG ($347,241.21)
Roth IRA: Vanguard STAR FUND (VGSTX) $34,946.56
401K: Target Retirement 2040 Trust II $244,147.93 (maxed with 6% employer contribution)
Vanguard Retirement Savings Trust III $10,146.72 (this was an old rollover that I parked here and never moved (facepunch) and need to do so)
Defined benefit/pension: ~$58,000 (4% employer only contribution, no options to manage)
Mrs_MM_MG ($213,417.40)
Roth IRA: Vanguard Wellington Fund Investor Shares (VWELX) $58,801.47
403b: $154,615.93 (can no longer contribute to this account)
Eaton Vance Atlanta Capital SMID-Cap Fund Class I $16,330.00
Vanguard 500 Index Fund Investor Shares $60,359.29
Vanguard International Growth Fund Investor Shares $12,703.53
Vanguard PRIMECAP Fund Investor Shares $35,999.98
Vanguard Target Retirement 2040 Fund $569.33
Vanguard Windsor II Fund Investor Shares $28,653.42
Not necessarily looking to retire early, just seeking to be financially independent as soon as possible.
I don't actively manage my accounts, just want to save and not worry about it.
Thinking about contributing $11,000 to backdoor Roth IRAs now. Have another ~$30K+ we can invest. We are thinking about just opening up a taxable account and starting to dump surplus money (now that we've cut our spending!) in there each month. Rational: we can access this later if we want to invest in real estate, emergency fund, or need it for kids education expenses 10+ years down the road.
1) Should any of the above be allocated to different funds?
2) If we put money into another account at Vanguard, where is the best place to put it?
I'm sure I'm missing a ton of information, but I'd love to hear some input from the MMM community.
Thanks!