Married Couple seeking to Retire in 12-24 months, can you look over our allocation and offer any advice?
My wife and I are looking to retire in the next 12-24 months. We are ages 50/44 and have 2 kids (11/15). My youngest has a heart condition and we are in the US, so health insurance. My wife and I put in around $120,000 per year (Dollar Cost Average). Any adive on how I should focus on where that should be going knowing I am 1-2 years out from retirement. Also, looking over my allocation, any feedback would be much appreciated.
Male (Age 50):---------------------------- 401k: $787,161
Roth IRA: $86,203.97
Traditional IRA: $13,626.24
Female (Age 44) ---------------------------
401K: $953,940.66
Roth IRA: $84,042.89
Traditional IRA: $4,795.05
Shared Taxable Brokage Account Allocation:
Holding Value Share of total portfolio
VTSAX $1,166,350.05 32.8%
VTIAX $255,229.78 7.2%
VBTLX $129,994.13 3.7%
Cash: $90,000
House: Paid off ($450,000 value)
Kids College 529s (2 x 50,000)
Total Value - $3,500,000 Network (Not including house or 529s)