Perhaps this would be better off in the reader case study forum. moderators, please let me know.
First off, happy holidays everyone! Then, sorry to be selfish, but I am in need of some ideas. I'm currently self-employed in the US, and have about $1,500 I can invest on a monthly basis. I do not have a 401k or a ROTH IRA set up, but I want to start 2015 off with something in Vanguard. I have several real estate rental properties, as well as some websites that generate monthly cash flow, but not much in the stock arena.
I net about $60,000/year, have zero debt, am single, and am 33 years old.
I'm thinking of doing a standard split of:
70% VTSAX Total Stock Market Index Fund
30% VTIAX Total International Stock Index Fund
I don't, however, know how this should be allocated. Should I just have a ROTH? or a ROTH/401k mix with $5,500 every year going into the ROTH, and the rest into a 401k?
Help, please!