Hey all,
I am really taken by the idea of index fund investing, but I'm a little unsure how I should be differentiating my funds between a Roth IRA account and a taxable brokerage account. I currently have both in Vanguard, and both have the same fund -- the Vanguard Total Stock Market Index Fund (VTSAX). I also want to add the Total International Stock Index Fund (VTIAX) to get a bit more broadly diverse, in line with the simple "three fund portfolio" (total domestic stock index, total international stock index, and total bond market index fund). However, since I'm still in my early 20's, I'm trying to stay away from bonds and just stick to the two stock index funds for now.
In short, is it redundant to have the same funds in different accounts? For simplicity's sake and ease of mind, I really like the idea of my portfolio just consisting of those two total market index funds growing over time, but I don't know if it's smart to have identical funds in both a taxable account and in a Roth IRA.
Any insight would be greatly appreciated! Thanks all!