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I am 43 (Family is spouse and two kids).
My current assists are: 85k in 401k in 2045 target retirement fund. 315k in cash. 55k in (physical) precious metals (Gold, gemstones)
We don’t have have anything else. (No house).
Income is 500k, but I do work in tech, so I would only assume 300k HHI over the long term.
How do I get into the market?
Given he current highs does the following dollar cost averaging work?
Emergency fund: 60k in HYSA Liquidate gold and get $55k cash.
2024: 30% stock, 70% bond
2025: 45% stock, 55% bond
2026: 60% stock, 40% bond
2027: 75% stock, 40% bond
Does this make sense?
Also in three years I would have added $600k (200k per year) through savings from my job.
submitted by /u/Federal_Eagle_6565
[link] [comments]
Continue reading...
My current assists are: 85k in 401k in 2045 target retirement fund. 315k in cash. 55k in (physical) precious metals (Gold, gemstones)
We don’t have have anything else. (No house).
Income is 500k, but I do work in tech, so I would only assume 300k HHI over the long term.
How do I get into the market?
Given he current highs does the following dollar cost averaging work?
Emergency fund: 60k in HYSA Liquidate gold and get $55k cash.
2024: 30% stock, 70% bond
2025: 45% stock, 55% bond
2026: 60% stock, 40% bond
2027: 75% stock, 40% bond
Does this make sense?
Also in three years I would have added $600k (200k per year) through savings from my job.
submitted by /u/Federal_Eagle_6565
[link] [comments]
Continue reading...
