Portfolio Advice - Taxable Accounts/Passive Income
This is my first post and seeking some portfolio advice. I am active duty military and do real estate investing on the side. Recently, I deposited my emergency fund in a taxable account with Vanguard (VASIX) and reinvest the dividends and capital gains.
I max out my Roth IRA but don't max out my Roth TSP each year due to the restrictions on withdrawing the contributions/earnings before 59 1/2 because I would like to tap into the money sooner.
Short-term goal: Start investing in index funds while reinvesting the dividends and capital gains with an asset allocation 90/10.
Emergency funds: Five months of expenses (20K)
Debt: House 1: Conventional Mortgage loan 3.68% fixed/30 year, Conventional Mortgage loan 5.25% fixed/30 year
Tax Filing Status: Married Filing Jointly
Tax Rate: 15% Federal, 0% State
State of Residence: FL
Desired Asset allocation: 90% stocks/10% bonds
Desired International allocation: 20% of stocks
After tax monthly income: $9951
Monthly expenses: $4000
Current retirement assets
Taxable - $20K
100% Vanguard LifeStrategy Income Fund Investor Shares (VASIX) (0.12%)
Roth TSP - $11K
75% C Fund Common Stock Index (0.38%)
15% S Fund Small Cap Stock Index (0.38%)
10% I Fund International Stock Index (0.38%)
Company match? No
Roth IRA at Vanguard - $35K
10% Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) (0.06%)
22% Vanguard Total International Stock Index Fund Investor Shares (VGTSX) (0.18%)
68% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.05%)
New annual Contributions (2017)
$0 his IRA/Roth IRA
$650 his TSP
1) Is it tax efficient to invest VTSAX in the same taxable brokerage account as VASIX or should I create a separate brokerage account for VTSAX?
2) What are some recommendations to develop passive income streams through investing with Vanguard?
3 Open to any portfolio recommendations.