Hello, I am looking for some recommendations for what to invest in using a i401k via Vanguard (unless there is a better source) specific to being self employed and also with the current market being very high right now. I started my company last spring (2016) and things have been good thus far so I am finally looking to open an i401k for myself and my wife. Prior to now I just wasn't comfortable due to the high amount of cash flow I have to keep in order to stay in business as a general contractor in commercial construction.
I am also interested in some type of after tax basic investment account for money that can be accessible if needed. I've read a lot of the information on here and posted this once before and was told to invest in 100% VTI's, but was one, hoping to get some other opinions, and two, looking to see if anyone's recommendations have changed based on the current status of the market and opening new accounts like this. I am 33 and am not trying to retire by 40 or 45, but would like to be smart about my money of course. I can probably open my i401k with about $10,000 max this year and my wife's would be $3,000 and another $3,000 for the taxable investment account. Going forward I would make monthly deposits into these accounts. Thank you for any advice or input.