I am a 29 year old who has been reading MMM for several years, but I’ve been focused on eliminating high interest student loans and I’m now ready to learn more about investing. As I’ve paid down loans I have been investing some, choosing target retirement date funds to keep it simple. I have read the investment order post and recently read the stock series. I currently have a 401k with ~140,000 in Vanguard 2055, a rollover TIRA from an old job with ~12,000 in Vanguard 2055, a Roth IRA with ~17,000 in Vanguard 2030, and a very new taxable account with ~1,500 in VTI. I also have an emergency fund in a money market account.
I think I would like to change some things up to achieve FIRE sooner and to learn more about investing.
Should I just stick with Vanguard 2055 for some of my tax deferred accounts? JL Collins gives them his seal of approval
The Vanguard 2030 in the Roth was kind of a weird decision I made based on my optimistic FIRE date. My thought was this would be the ‘bucket’ I would access first when FIREd but now I’m thinking I went too conservative.
I opened the taxable account a few weeks ago because I’m on track to max my 401k and I’ve already filled my Roth (first year I’ve been able to say that which is pretty cool). Was I too impatient in going in for VTI? Should I have accumulated enough to go in for VTSAX? Should I just take my whole portfolio across accounts to 100% VTSAX? Or maybe 90% VTSAX and 10-20% VBTLX?
I’ve only accumulated before, never sold or exchanged funds, any common pitfalls I should know that I wouldn’t find on the Vanguard site? Thanks for any thoughts or advice!