Thanks for the response. Yes, I am only 27 so it's a relatively small chance of occurrence. Still, my parents have had some rough years financially and paying for a funeral for me would be a decent chunk of their savings. Independence is a big value of mine so I don't want them to get stuck with those costs. The 401(k) would be subject to income taxes if I passed so it's really only about $7k if that were to happen. I reallly have no idea what funerals cost, I figured 10k was a good guesstimate. My family is in Cleveland, it's not a too terribly expensive area so not sure how that factors in.
I do have other cash in savings accounts but I will spend a good amount of it while travelling. I'll come home with say $5-10k in cash and the $10k in the 401(k), and that's all I'll have to my name. I normally would consider leaving it in the S&P but all the market hysteria the past few days has made me consider getting out now in case we are in for a volatile year.
I worked for a small company, and my former boss is big into investing, so he pays for what appears to be the Cadillac plan 401(k). It basically allows me to buy anything on the market, stocks, ETFs, mutual funds, whatever. The Schwab mutual funds have no fees/loads, although they do offer several thousand funds from other sources (Schwab OneSource) that also have no fees/loads.
The Schwab Bond Funds are as follows: SWGSX, SWLBX, SWBDX, SWRSX, SWIIX. LBX and BDX seem to be the obvious ones, though I'm not sure what the purpose of IIX is.
If you have any other recommendations feel free to list them, because I can check and see if they are part of OneSource. Here is the full list:
http://www.schwab.com/public/schwab/investing/accounts_products/investment/mutual_funds/no_load_mutual_funds/onesource_select_list