93% of $1.62m is in a money market fund, with 3.5% split between a S&P 500 index fund and a total international stock market index fund, and 3.5% in a total international bond market fund?
And you are having to pay $20k in taxes for the last year on dividends from your money market fund?
So you're in a high (but not the highest) tax bracket?
There's tax managed bond funds and municipal bonds to move towards from money market, if you'd prefer to pay less taxes on your fixed income*.
I sure don't see you moving much towards stocks very quickly from such a conservative allocation (93% cash).
*What do you think your tax bracket will be in retirement in a year and a half? If it will be significantly lower, maybe don't do anything drastic right now?
Answer that ^ and read this: https://www.bogleheads.org/wiki/Asset_allocation
Say what your anticipated expenses minus social security benefits will be when you retire.
And then wait for a golden boy to reply to you.
And you are having to pay $20k in taxes for the last year on dividends from your money market fund?
So you're in a high (but not the highest) tax bracket?
There's tax managed bond funds and municipal bonds to move towards from money market, if you'd prefer to pay less taxes on your fixed income*.
I sure don't see you moving much towards stocks very quickly from such a conservative allocation (93% cash).
*What do you think your tax bracket will be in retirement in a year and a half? If it will be significantly lower, maybe don't do anything drastic right now?
Answer that ^ and read this: https://www.bogleheads.org/wiki/Asset_allocation
Say what your anticipated expenses minus social security benefits will be when you retire.
And then wait for a golden boy to reply to you.
Statistics: Posted by Beensabu — Mon Feb 17, 2025 12:17 am — Replies 1 — Views 153