SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
stock NASDAQ ETF

I'd move the entire emergency fund into sgov. Shorter duration. I wouldn't bother trying to maximize returns on the emergency fund. Sure, you probably will do better with SHV with a rate cut, but you don't know that for sure and the whole point of the E-fund is you need to be able to cash out tomorrow without getting screwed if rates rise (however unlikely).
I'd replace sgov with Vangaurd's VBIL. Same duration but cheaper 0.06 ER. Saves you about $30 bucks per 100k. It's a free lunch every year so why not?
401k looks good.
Roth looks good too. One caveat; if you believe SCG is a drag, something to be avoided, you may want to snip the small cap tails off your core indexes and fully address them with Avantis ETFs. ie pair VOO or SCHK with AVUV instead of VTI.
The international allocation is light. But 20% is more than a lot of people. It's acceptable. Vanguard would recommend you double it to 40%. They are big on the classic investing ideas where P/E ratios matter. Lot's of people shit on Vanguard for "being wrong" on expected returns for the past several years. But loading up on value is not about winning today, it's about loading up the spring cheaply for several years and then experiencing an incredible era of out-performance when the spring is sprung.

I’m 46 and planning to retire around 65. I moved away from target date funds because I don't love how bond-heavy they get.
Here’s what I’m currently running:
**401k**
* VOO – 80%
* VXUS – 20%
**Roth IRA**
* VTI – 60%
* VXUS – 15%
* AVUV – 20%
* AVDV – 5%
**Emergency Fund (6 months) working on bringing up to 9 months**
* SGOV – 80%
* SHV – 20%
Plan is to stay equity-heavy until about 5 years before retirement, then start building bonds (0–20%) and 2–3 years of cash for sequence risk protection.
How do my allocations and overall plan look?

Chatgpt explaination of Boxx:
Yeah — here’s what’s actually going on with BOXX, plain and clean.
BOXX looks “unnaturally smooth” because it is not earning interest the normal way.
SGOV, BIL, SHV, HYSAs, money funds
These earn cash interest every day. The NAV stays mostly flat, then dividends drop out periodically, which creates little sawtooth patterns. Price up, dividend paid, price resets. That’s normal.
BOXX does something different.
BOXX uses box spreads on S&P 500 options. A box spread is an options structure that mathematically locks in a fixed return over time. Think of it as lending money synthetically through options instead of holding Treasury bills.
Key consequence
The return is embedded directly into the price, not paid out as interest or dividends.
So instead of:
price → dividend → price reset
you get:
price → slowly creeps up → no reset
That’s why the chart looks like a ruler laid on a slight incline.
From the market’s point of view, BOXX is:
• accruing value daily
• with almost no volatility
• without visible yield events
From a tax point of view, this is the big deal:
• no ordinary income distributions
• gains show up as capital appreciation
• taxes are deferred until you sell
• and often taxed as long-term capital gains if held long enough
That’s why people compare BOXX to “a Treasury ETF with tax smoothing.”
Important nuance
BOXX is not magic and not risk-free in the same way Treasuries are. It has:
• counterparty risk through options clearing
• reliance on derivatives pricing
• different stress behavior than T-bills in extreme events
But functionally, in normal conditions:
• it behaves like short-term cash
• earns something close to short-term rates
• and reports that return through price, not dividends
That’s the entire reason the chart looks so clean.
So when you said earlier “the yield looks built into the price” — that was exactly right. That smoothness isn’t fake. It’s structural.
Me: take that explanation for what it’s worth lol

Check SGOV, TFLO, SHV, USFR, BIL.