Hi everyone - wasn't sure if I should post here or in Investor Alley but I figure there's enough overlap to get the answers I need.
So I recently came into a windfall in the form of a personal injury settlement from nearly 4 years ago that's finally done with.
Approximately $32,000 after all was said and done.
Little bit about me:
I'm 25, a Mechanical Engineer, make approx $70,000/year. Debt-free
Already maxing my 401k and Roth IRA.
Allocations are as follows:
401k - $45,000
60% S&P 500 Index
20% Mid cap Index
20% International Equity
Roth IRA - $12,000
100% VTSMX (Just made a 3k order to bring the balance from 9k-12k, so it'll be converting to admiral shares soon)
So the next step likely to open a taxable account with Vanguard at this time: I'm not at a point in my life right now where I'm considering buying real estate or investing in a rental property.
I'm a bit unsure of how I should invest my taxable money, I've read a little about tax efficient fund placement and I want to increase my international exposure a little. Does anyone recommend International Vanguard funds / ETFs that qualify for the Foreign Tax Credit? Do people feel that this is worth it or am I needlessly complicating things for tax time?
What are some other funds I should consider?
I know I probably can't go wrong with another chunk of VTSMX and I'm already way ahead of my peers that would undoubtedly run to the nearest BMW dealership and drive off with a new 3 series - but I wanted some Mustachian opinions.
Thanks for any and all advice.