With our FIRE goal date at the 3 year mark I got to thinking that now might be the time to reevaluate our portfolio’s allocations and start to make some changes. I am not talking big overhaul changes, but little tweaks to our allocations. I should also state that I am making these changes because our FIRE goal is approaching and not at all due to some of the volatility we have been seeing in the market recently.
One of the first accounts we are going to be tapping once we hit FI, other than our cash, is our joint NQ brokerage account. Our total investment portfolio is somewhere around 80% equities/20% bond holdings but the JT brokerage is more aggressive with a 93% equities/7% bonds mix. And moreover 35% of this one account is just in Apple. That is way more aggressive than this account should be if we are going to start tapping it in 3 years. Continue reading “Making Things More Conservative”
I have been noticeably absent recently due to life throwing us some curve balls (including a concussion for both me and Mr. SFF within 3 weeks of each other). Now that life is starting to get back on track we are also both trying to get recommitted to our FIRE goal.
Although I never wrote up a post with our 2017 expenditures as life got in the way, to summarize, we spent too much money. 🙁 Well I am not sure too much is really fair as we make enough to cover our expenses but we certainly loosened the purse stings and spent around 10% more than in 2016 – which is a pretty big number. As a result our savings was a little lower than I had hoped. We were able to max out my 401(k), our HSA plan (both of these were a first), and also opened up and maxed out a solo 401(k) for Mr. SFF (maxing the employee contribution plus a little profit sharing). As a result we did the most to minimize our taxes but this meant a lack of savings in our taxable account. As we are hoping to leave our full time jobs in 3 years this prompted a meeting of the minds with Mr. SFF and myself to make sure we were still on track and both on the same page with our plans. I am the one tracking our progress so it was very important to bring Mr. SFF into the planning so that he can see where we stand and also to share my spend down plans with him. Being on the same page when it comes to stuff like this is vital. Continue reading “Reinvigorating Our Plan”