Hello Everyone,
Very thankful I've found these forums. I've been listening to some madfientist podcasts for the past few weeks and reading here as well as a few other sites to gain as much knowledge as possible. Always have been a data driven thinker, so this discovering how do-able FI is has inspired me to pursue it. Currently seeking some advice.
I have an employer sponsored 401k through Vanguard which I have been contributing to max my employer match since starting my first full-time job post undergrad about 7 momths ago. This auto enrolls you in the vanguard target retirement fund, but I think I would rather do a Bogle 3 fund type strategy.
Right now the funds available to me are as follows:
SHORT-TERM RESERVES
Galliard Stable Value Fnd
BOND FUNDS
PIMCO Total Return Instl
PTTRX
Vanguard Total Bond Mkt Index Inst
VBTIX
BALANCED FUNDS (STOCKS AND BONDS)
Vanguard Target Ret 2010 Tr Sel
Vanguard Target Ret 2015 Tr Sel
Vanguard Target Ret 2020 Tr Sel
Vanguard Target Ret 2025 Tr Sel
Vanguard Target Ret 2030 Tr Sel
Vanguard Target Ret 2035 Tr Sel
Vanguard Target Ret 2040 Tr Sel
Vanguard Target Ret 2045 Tr Sel
Vanguard Target Ret 2050 Tr Sel
Vanguard Target Ret 2055 Tr Sel
Vanguard Target Ret 2060 Tr
Vanguard Target Ret Income Tr Sel
Wellington Tr Target 2060
WellingtonTrustTarget2010
WellingtonTrustTarget2020
WellingtonTrustTarget2030
WellingtonTrustTarget2040
WellingtonTrustTarget2050
WllngtnTrstTrgtRtrmntIncm
DOMESTIC STOCK FUNDS
Vanguard Ext Mkt Index Inst Plus
VEMPX
Vanguard Inst Index Fund Inst Plus
VIIIX
INTERNATIONAL STOCK FUNDS
Vanguard FTSE All-World ex-US Ist
VFWSX
This is what I have it currently set at but I'm missing that mid and small cap for the US market. What should my allocation of Mid and Small cap be vs. large cap?
5% - Vanguard Total Bond Mkt Index Inst - VBTIX
10% - Vanguard FTSE All-World ex-US Ist - VFWSX
85% - Vanguard Inst Index Fund Inst Plus - VIIIX
Lastly, should I max out my 401k at 18k per year or open an IRA? It would have to be a Roth because my AGI > 61k right? I will look into an HSA but am currently not enrolled in a compatible health insurance plan as I am in my parents plan until I reach the max age. My 401k appears to have some low cost options so am I better off just maxing that out before Roth?
Greatly appreciate any input!