Been lurking for a while, but this is my first post...
I am 26, and my fiance is 25 (will be married in Nov.). I work for a small company that does not offer a 401k, but does offer an SEP IRA (which only my employer can contribute to, ~10% of my income per year). I have been maxing out my Roth every year since i began work in 2013.
Once married and after combining finances, my fiance and I are planning on only living off of the equivalent of her income. We have begun the process of determining where to invest the remainder of our money. The plan is to max out her 401k, our IRAs, and then put the rest of the money into a taxable account. Perhaps shift some of the IRA money to the taxable account if we feel we need access to our funds in the near future.
Anyway, back to the point of this post...we were looking at the fund options within my fiance's 401k, and we were somewhat disappointed. They currently have her invested in several high cost mutual funds (0.75% and higher). There are two low cost Vanguard funds available....VFIAX and VEXAX. Everything else available seems to jump up in expense ratio very quickly. I was hoping to have access to VTSAX, but this is not an option. Would you suggest splitting the yearly $18k 401K contribution between the two available vanguard funds? Or allocating that $18k to IRAs and taxable account? I should also mention that my fiances automatically gets 7.5% of her income contributed to the 401k from her employer whether she contributes anything herself.
I am new to all of this, and want to make sure we get off on the right foot. Any advice is much appreciated!
