Hello Wonderful Mustachians,
I've been reading the blog for a month or so and am about halfway through the posts from the beginning! I've gotten several coworkers turned on as well, and we have been having great discussions at work about what we're learning. Our badassity is growing by leaps and bounds!
Anyway, I have funds from two American balanced funds that I closed that need to go into my new Vanguard account. We're trying to consolidate our financial lives; we've got various funds all over the place! I'm slowly working to get as many as we can into the Vanguard offerings. The sum I have is $13,028.45. (Hubby and I both have 401ks at work that are split about 25-75 bonds to stocks that we are funding to the max.) I believe that since this amount is greater than $10,000 that we can put this money into the Admiral class of Vanguard funds. Is this correct? Next, I'm wondering what would be the best place to park this amount? I'm leaning toward the VBIAX fund (60/40 stock/bond, I believe) or the VTSAX (stock market index fund). Am also looking at VFIAX (S&P index fund, also, I think).
Any thoughts about what's best? Perhaps something I'm missing? Stocks are so expensive now which makes me lean toward the stock/bond mix, but I like the returns a bit better with the all stock funds. We're both about 50 and hope to retire in about 5 years. We're not risk averse. Any advice? Thanks for any help! I'm happy to be a new member of this community!