Currently, my husband contributes 10% of his income to a 401k with a 5% match. I contribute 10% with a 2.5% match to my 403b. Our combined gross income is 220k annually (we both make the same amount). We own an investment property, which has a 230k mortgage and brings in $1900/month. Our personal house payment is 2700 per month. We have no other debt.
We have recently discovered Wealthfront and love it. We chose a risk score of 8.5/10 and a robo advisor allocates our deposits among an array of accounts including US stocks, foreign, mutual funds, natural resources, bonds, etc. based on our risk tolerance. Obviously the markets are down and our account is at about 25,000 at the moment. We currently contribute 2000/month to this account.
Should our investment allocation change? Should we be giving less money to our diversified accounts and up our 401k/403b? OR... should we be contributing the minimum to get the match, and have the rest of saving go to Wealthfront?
Submitted December 15, 2018 at 09:28AM by ItPleasesTheNurse https://ift.tt/2ElhnqU