I'm in my mid-30s and consider myself fiscally conservative with personal finances. I don't plan on having kids.
I now have a three year "emergency fund" that I keep in an Ally high-yield savings account thanks to 10 years of living substantially below what I make. I maintain about $4K in a checking account. Once a month, I pay off my bills from my checking account and then dump any leftover in my savings account...hence why it has grown so much. The rest of my money is tied up in my 401K and Roth IRA accounts.
My concern is that my entire retirement is tied up with stocks/index funds/bonds...all Wall Street. Is that like putting all my eggs in one basket? Should I try to diversify into real estate and other investments? My savings account keeps growing which is nice, but it only has a 2.2% interest rate. I feel like I should be doing something more with it, but I'm not sure what to do. Thanks for any advice.
Edit - here is my estimated breakdown of my combined retirement accounts:
10% Stable Value (fixed income)
30% 2030 Target Retirement
30% Index Funds in S&P and Tech mostly...a few small cap
5% US Bonds
10% Stock (JNJ, BRKB mostly)
15% Mutual funds that follow S&P...my dad told me to get into mutual funds so I did. Not really sure if I’d do it more but haven’t really found a reason to sell it.
Submitted February 22, 2019 at 11:36PM by 401J https://ift.tt/2Eobs3O
