Hello MMM investors!
I'm looking for input on picking funds for my 401k and HSA. Both have limited choices. My current situation is detailed below. I've consolidated the fund options in a google sheet, shared below. There is a tab each for 401k and HSA.
https://docs.google.com/spreadsheets/d/1oFQzVQjk5c6aidNp6tYWBnOvkl-X5SNgOTrScl3_wj0/edit?usp=sharingAccount Type | Account Balance | Current Fund | Planned 2017 Contributions | Options |
401k | 5,522 | VSMAX | 18,000 + 4,950 Company Match | Linked Above |
HSA | 1,911 | VSMAX | 3,400 | Linked Above |
Trad IRA | 9,475 | VTSMX | 5,500 | World, Oyster |
After Tax | 2,000 | VTSMX - Once I hit 3K | 18,000 | World, Oyster |
I'm 36, owe 125K on my mortgage at 3% and am trying to build wealth. This is a case of me not knowing what I don't know. My questions are twofold...
1) You might be able to tell that I'm following both JL Collins advice, and that of the investment order discussed on this site. That in mind, I don't know much about fund balancing and index funds tied to the whole market aren't available for the HSA or 401K. I chose VSMAX for both as it seemed the closest in spirit. That being said, I don't know if there is any issue with loading up on small cap, or if they are generally good funds for what I'm looking to do. So, given my options, would you recommend any changes? Why? Why not?
2) Are there any recommended resources which I might pursue to learn more about this so that I can learn for myself?
As always, thanks for any time and advice. It's most appreciated!