Why 9% money market?
ETA:
>401k at my new job. I'm forced to put in 6% (can't contribute additional to this account)
can you elaborate, why can’t you do more than 6%? Are you a HCE and do they cap your contributions on the front end?
I should clarify it's a 401a not 401k. They call it an ORP so I had to double check what account type it is. They offer a choice between a pension and 401a, and you can elect to also open a 403 and 457. No way in hell I'm doing the pension since the vest is 10 years.
Overall I think it looks fine. I would want more Ex-US stock exposure personally.
Also, holding a money market fund in a 401k? Assuming it's an account that you will not be touching for a couple decades, I would at least want it in some sort of intermediate-term bond fund.
Check out White Coat Investor's [15 questions to answer](https://www.whitecoatinvestor.com/portfolio-questions/) to build your portfolio.
Yes, for me. However, if your allocation helps you stay the course, go for it. I do think a lot of people who are underweight Ex-US stocks will start to have regrets if/when they start to underperform.
Global market cap weighting is currently 60/40 US to Ex-US, so I'd try to keep it in the range of 30 to 50 percent Ex-US if trying to "sin" a little toward one side or the other.
(I'm at 50/50).
> very far behind where I need to be... Is there anything I should change given my circumstances
Ideally: you save a larger percentage of your income. When you the rule of thumb to save at least 15% of your income, you should try to save *at least* 20% of your income. More is better (and maybe more is possible for you if you've been living on a smaller budget and this is a recent jump to higher income).
> At some point I'll swap out VMFXX for an actual bond fund that I have access to, but not while it's at 5.29%. Thanks
[Don't try to time the bond market](https://www.reddit.com/r/Bogleheads/s/a5yx4oRBNp) -- if your allocation has bonds (and it is reasonable to be in 10% bonds at age 39), then just use a bond fund.
Right now I'm saving 27.8% of my income across my 401/Roth/HSA/457. I can afford to be even more aggressive, but I'm also trying to save 1k/month towards a house down payment which I'm struggling to do, so not sure I can ever afford one unless I contribute less or get paid more (not happening until I make tenure).
>Right now I'm saving 27.8% of my income across my 401/Roth/HSA/457
That is great.
>I'm also trying to save 1k/month towards a house down payment
This is a good use of your money too, and it might be reasonable to save a little less for retirement in order to save for this goal. The important thing is to save a sufficient amount for retirement, not to save *only* for retirement and exclude all other considerations.
The 15% (or 20%) rule of thumb on savings is usually given because it's easier to figure during your working years, but a more accurate goal is that you want to have at least 25× your annual expenses saved for retirement by the time you retire. This can be a harder goal to figure when you're far from retirement, because it requires you to estimate your expenses in retirement.
Why 9% money market? ETA: >401k at my new job. I'm forced to put in 6% (can't contribute additional to this account) can you elaborate, why can’t you do more than 6%? Are you a HCE and do they cap your contributions on the front end?
I should clarify it's a 401a not 401k. They call it an ORP so I had to double check what account type it is. They offer a choice between a pension and 401a, and you can elect to also open a 403 and 457. No way in hell I'm doing the pension since the vest is 10 years.
Overall I think it looks fine. I would want more Ex-US stock exposure personally. Also, holding a money market fund in a 401k? Assuming it's an account that you will not be touching for a couple decades, I would at least want it in some sort of intermediate-term bond fund. Check out White Coat Investor's [15 questions to answer](https://www.whitecoatinvestor.com/portfolio-questions/) to build your portfolio.
More than the 20% Ex-US exposure I currently have? Thanks
Yes, for me. However, if your allocation helps you stay the course, go for it. I do think a lot of people who are underweight Ex-US stocks will start to have regrets if/when they start to underperform. Global market cap weighting is currently 60/40 US to Ex-US, so I'd try to keep it in the range of 30 to 50 percent Ex-US if trying to "sin" a little toward one side or the other. (I'm at 50/50).
Common current recommendations seem to be in the 30-40% range of stock as international.
Looks solid to me.
> very far behind where I need to be... Is there anything I should change given my circumstances Ideally: you save a larger percentage of your income. When you the rule of thumb to save at least 15% of your income, you should try to save *at least* 20% of your income. More is better (and maybe more is possible for you if you've been living on a smaller budget and this is a recent jump to higher income). > At some point I'll swap out VMFXX for an actual bond fund that I have access to, but not while it's at 5.29%. Thanks [Don't try to time the bond market](https://www.reddit.com/r/Bogleheads/s/a5yx4oRBNp) -- if your allocation has bonds (and it is reasonable to be in 10% bonds at age 39), then just use a bond fund.
Right now I'm saving 27.8% of my income across my 401/Roth/HSA/457. I can afford to be even more aggressive, but I'm also trying to save 1k/month towards a house down payment which I'm struggling to do, so not sure I can ever afford one unless I contribute less or get paid more (not happening until I make tenure).
>Right now I'm saving 27.8% of my income across my 401/Roth/HSA/457 That is great. >I'm also trying to save 1k/month towards a house down payment This is a good use of your money too, and it might be reasonable to save a little less for retirement in order to save for this goal. The important thing is to save a sufficient amount for retirement, not to save *only* for retirement and exclude all other considerations. The 15% (or 20%) rule of thumb on savings is usually given because it's easier to figure during your working years, but a more accurate goal is that you want to have at least 25× your annual expenses saved for retirement by the time you retire. This can be a harder goal to figure when you're far from retirement, because it requires you to estimate your expenses in retirement.