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personal capital

March 29th, 2018 at 04:48 am

I just linked tonight all our data on personal capital website. It was an interesting and enlightening snapshot of our assets and investment allocation. I did it myself earlier this year. Gave me fits figuring everything out efficiently because I worked with what my DH had done and with his 401k.

First up, we have enough in our investments to pay off our mortgage. Not enough in taxable but more than enough to pay it off if we cashed in our retirement accounts. Hadn't every really looked but interesting. Only thing taxable is the 401k and looking at it, I think we'd still have enough after taxes. Very nice.

Second, they checked my target asset allocation and I pretty much hit it dead on. I'm interestingly at a higher 90% stocks and 10% bonds mix. Higher than I thought. I thought I was at 85% and 15%. I wanted to be more at 80% stock/20% bonds. But I guess it's okay.

I just readjusted DH's 401k from VINIX to a mix of a small cap, mid cap, international growth and more bonds. I think we are holding cash that it makes sense to perhaps put a bit more into bonds even with the cash. Actually looking at it more carefully this portfolio does not include our cash position so with it included we are at my 80% stocks/bonds 10%/10% cash so maybe I shouldn't have adjusted the 401k. But I feel like this year bonds might go big and the stock market is due a correction.

A really impressive point is my management fees were evaluated at 0.07%. Yes that's awesome I think. Something I am considering is building a stock dividend portfolio. Investing in our taxable account maybe 5 stocks that pay heavy dividends.

I am also 52.2% US stocks and 23.74% international stocks. I guess things are looking good overall. This is a very nifty tool.

I also am considering buying RE as a diversification play. This is something I want to put 25k into or as much as $50k into a rental. We are talking about partnering with friends, which we'll see.

Finally the retirement projections. Well it says I have a 96% chance of retiring at age 53 with $7600/month. Substantially more than the $4k/month I was projecting. I'd like to hit that instead in 10 years but we have save more than I'm projecting which is entirely doable because I'm projecting only saving $40k/year, right now we're doing more but I want to be conservative.

We are also projecting unfortunately to be $30k short for each kid's college fund by 18. I'm thinking we might be closer to $15k. Why? Because I think it's assuming we won't have the projected $81608 by the time they start which is true. But we still have another 4 years to "save" the $2k/year we are doing and that takes care of $8k. And seeing the number in black and white being a projected $30k short each, means that if I for the next 10 years saved an extra $2k/year we wouldn't be short for either. I'm thinking maybe this year we do a one time $10k contribution to each kid for college and call it a day? I think we might have that the cards.

Anyway try using personal capital. It's an amazing website.

4 Responses to “personal capital”

  1. creditcardfree Says:

    Sounds like you are doing just fine. Remember you can always cash flow during the college years as well. We have started to do that a bit for our older daughter. Are you including just tuition or housing costs as well?

    We're not in bonds at all...maybe a good year to switch some.

  2. PatientSaver Says:

    I love all the info you got from personal capital, but don't programs like that one require you to share you passwords to your various brokerage/bank accts so they can do those automatic updates of your numbers? That's what makes me nervous. What if they got hacked and the wrong person suddenly had access to your passwords. but just reading what you learned has me tempted to try it again.

  3. ceejay74 Says:

    That's amazing on management fees! I just did ours and while I'm not sure how to interpret everything (and it's not a full picture since I couldn't link UK pensions and didn't bother trying w/UK mortgages), I saw that our average management expenses are 0.25%. NT's are at 0.86; I chose the cheapest funds in his company's portfolio, so I'm not doing any better there. I think with the match and tax benefits it's worth it, but it still stinks.

    AS's are at 0.14 and 0.15. Mine are at 0.15 and 0.06.

  4. rob62521 Says:

    You are doing well! Thanks for the update!

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