I'm working on optimizing our retirement accounts, I read JL Collins book and am still learning. I hope to write a case study in the future but I don't have all my numbers organized and I'm still working on tracking all our expenditures.
Right now I'm trying to make sure our retirement accounts are optimized. My husband has a TSP from his last job, which is invested in one of the dated funds that adjusts proportions as you get closer to retirement. I read that this is a good option in TSP but can have a high expense ratio if it is in a 401K or 403B. His current job offers a 403b (offered through "TransAmerica", he was also in a fund that adjusts proportions automatically as the set retirement approaches. I just checked the expense ratio on this account, it's 0.75%. The current percentages on his account are as follows:
US Stocks: 54%
Bonds: 14%
Non US stocks: 29%
There are a lot of individual funds offered, there are some Vanguard options, but I don't see VTSAX and I'm not familiar with the other accronyms.
There is "Vanguard fed money market" VMFXX at 0.11%, Vanguard 500 index admiral VTFIAX at 0.04%, Vanguard Midcap VIMAX at 0.05%, Vanguard small cap VIMIN at 0.05%
Is one of these comparable to VTSAX?
They also have the vanguard Interm bond VBILX at 0.07%, and Vanguard FTSE all world ex US VFWAX at 0.11%
If he wants to keep the same investment percentages, I could switch his allocations to VBILX, VFWAX, and the VMFXX fund and have a much lower expense ratio, right?
I'm still learning, thank you for any advice and direction here.