My brain's hurting. This is ultra-simple for our IRAs and 403b; frankly, it doesn't matter. But now that we've completely funded the IRAs AND are on track to fully fund wife's 403b, any additional will need to go in a taxable account.
I will check into an HSA when it's open enrollment again, but I don't recall it being an option (and searching "wife's employer" HSA just brings up FSA info).
Currently we have virtually everything in a Total (US) Stock Market fund and a Total International Stock Market fund, split 50/50. At Vanguard it's the standard VTIAX and VTSAX, at Fidelity it's a bit different but close enough.
We'll keep about 5k-10k in "cash" (currently the core position in a Fidelity brokerage account, FZFXX if it matters) for regular spending and an emergency fund. The taxable investment will be in the same Fidelity brokerage account for ease of use and access (in a real emergency, we can liquidate the taxable investments and have them available in our main account very quickly, maybe same day?).
So...what investments would best mimic our current investments (high short-term volatility, but best positioned for long-term growth), taking taxes into consideration?
I'm no expert, but right now I'm leaning toward finding an ETF that best mimics VTIAX and/or VTSAX, that has the lowest fees at Fidelity. I could even rebalance the IRA, shift VTSAX toward VTIAX and then buy IXUS in the taxable. I'd prefer to keep the 50/50 split for both the taxable and non-taxable accounts (i.e. taxable accounts are 50/50, non-taxable are also 50/50), since the taxable would likely be the first to be liquidated, but I'm flexible on that.
Thoughts?
