GRA
W.R. Grace & Co.
stock NYSE

**Background**
39 year old RN at a major NYC hospital. Engaged, marrying October 2027, planning one or two children. Renting in NYC — I pay $2,000/month, fiancée pays $1,000. No significant debt. Fiancée is a school psychologist with student loans on track for PSLF and her own retirement accounts not included here. I hold an EU passport (Cyprus) which gives us long-term retirement location flexibility.
**Income & Savings**
* My gross income: $179,000/year | Fiancée: $85,000/year | Combined: $264,000/year
* 403(b): $24,500/year | Backdoor Roth: $7,500/year | Total: $32,000/year
* Marcus HYSA: $61,638 emergency fund (intentionally high — doubling as future home down payment) + $6,893 wedding fund
**Portfolio: \~$350,900**
|Account|Value|
|:-|:-|
|TIAA 403(b) GSRA (my contributions)|$179,278|
|TIAA 403(b) GRA (employer)|$55,550|
|Roth IRA (Schwab)|$28,942|
|Taxable Brokerage (Schwab)|$87,152|
|Traditional IRA|$0 — reverse rollover to TIAA in progress to clear pro-rata rule|
**Target Allocation: 80/15/5 (US / International / Bonds)**
Keeping bonds low at 39 given long runway to retirement. Plan to increase toward 15-20% around 50. EU passport gives retirement location flexibility that could significantly reduce cost of living.
**Proposed Allocation**
|Account|Fund|Amount|
|:-|:-|:-|
|TIAA GSRA|Vanguard Inst. Index Plus (VINIX)|$163,308|
|TIAA GSRA|Vanguard Total Bond Market Inst. Plus|$15,970|
|TIAA GRA|Vanguard Inst. Index Plus (VINIX)|$55,550|
|Roth IRA|SWTSX|$28,942|
|Brokerage|SWISX (International)|$47,911|
|Brokerage|SWTSX (US)|$7,727|
|Brokerage|NVDA — 161 shares (satellite, excluded from core)|$31,514|
**Placement rationale:** Bonds in tax-deferred TIAA to shelter ordinary income. International in taxable brokerage to capture foreign tax credit lost in sheltered accounts. US stocks in Roth for tax-free growth. Reverse rollover clears pro-rata rule for annual backdoor Roth going forward. NYU Langone's TIAA plan offers institutional plus share classes at 0.02% expense ratios.
Appreciate any feedback on the allocation and fund placement.

**Background**
39 year old RN at a major NYC hospital. Engaged, marrying October 2027, planning one or two children. Renting in NYC — I pay $2,000/month, fiancée pays $1,000. No significant debt. Fiancée is a school psychologist with student loans on track for PSLF and her own retirement accounts not included here. I hold an EU passport (Cyprus) which gives us long-term retirement location flexibility.
**Income & Savings**
* My gross income: $179,000/year | Fiancée: $85,000/year | Combined: $264,000/year
* 403(b): $24,500/year | Backdoor Roth: $7,500/year | Total: $32,000/year
* Marcus HYSA: $61,638 emergency fund (intentionally high — doubling as future home down payment) + $6,893 wedding fund
**Portfolio: \~$350,900**
|Account|Value|
|:-|:-|
|TIAA 403(b) GSRA (my contributions)|$179,278|
|TIAA 403(b) GRA (employer)|$55,550|
|Roth IRA (Schwab)|$28,942|
|Taxable Brokerage (Schwab)|$87,152|
|Traditional IRA|$0 — reverse rollover to TIAA in progress to clear pro-rata rule|
**Target Allocation: 80/15/5 (US / International / Bonds)**
Keeping bonds low at 39 given long runway to retirement. Plan to increase toward 15-20% around 50. EU passport gives retirement location flexibility that could significantly reduce cost of living.
**Proposed Allocation**
|Account|Fund|Amount|
|:-|:-|:-|
|TIAA GSRA|Vanguard Inst. Index Plus (VINIX)|$163,308|
|TIAA GSRA|Vanguard Total Bond Market Inst. Plus|$15,970|
|TIAA GRA|Vanguard Inst. Index Plus (VINIX)|$55,550|
|Roth IRA|SWTSX|$28,942|
|Brokerage|SWISX (International)|$47,911|
|Brokerage|SWTSX (US)|$7,727|
|Brokerage|NVDA — 161 shares (satellite, excluded from core)|$31,514|
**Placement rationale:** Bonds in tax-deferred TIAA to shelter ordinary income. International in taxable brokerage to capture foreign tax credit lost in sheltered accounts. US stocks in Roth for tax-free growth. Reverse rollover clears pro-rata rule for annual backdoor Roth going forward. NYU Langone's TIAA plan offers institutional plus share classes at 0.02% expense ratios.
Appreciate any feedback on the allocation and fund placement.