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Mixed purpose inheritance

Bogleheads • View forum - Investing - Help with Personal Investments - www.bogleheads.org
Hello,

My wife recently inherited ~$80,000 in taxable accounts, at FIdelity, and I'm trying to figure out the best way to invest it to serve, in some sense, two opposing priorities. On the one hand, she wants some (half?) of this money to be available to us in the event of an emergency, or if we need it, for instance, to make a down payment down the road; on the other hand, she doesn't entirely want to give up the possibility of long term growth.

We already have a good sized emergency fund ~1 year of income in Ally Savings, and both have stable jobs.

We are in our late twenties/early thirties, and are separately investing, for retirement, about 15% of income in IRAs and 401(k)s at a 75/25 stock:bond split. We're in the 25% tax bracket, though I'm currently a medical resident so our tax bracket is likely to rise significantly in a few years.

Here's what I'm thinking of doing with the inheritance- I just want to ask for help to make sure that this makes sense?

[*] Allocate half to equities. I favor following market weights for the US:International split, so this ends up being something like

25% IXUS iShares Core MSCI Total International Stock ETF

25% ITOT iShares Core S&P Total U.S. Stock Market ETF

And then I thought it made good sense to invest the remaining 50%, that she wants to be very safe, in short term bonds, so

50% iShares Core 1-5 Year USD Bond ETF

Does that make sense? I would greatly appreciate your input!
Date: Jun 18, 2017   


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