Hi all,
I will soon begin as an attending and am working over the summer on designing my first retirement investment portfolio. I am hoping to get some advice on selection of funds and asset allocation. I plan to max out 403b, 457b (non-govt), and HSA through my employer (Mass Mutual manages funds) and do a backdoor Roth IRA.
Vanguard options available through new employer (there are additional non-Vanguard options, but ER too high)
0.06% Vanguard Intermediate Term Bond Index Fund (VBIMX)
0.10% Vanguard Inflation-Protected Secs Fund (VAIPX)
0.17% Vanguard Equity-Income Fund (VEIRX)
0.04% Vanguard Institutional Index Fund (VINIX)
0.07% Vanguard small cap index fund (VSCIX)
0.12% Vanguard Total International Stock Index Fund (VTIAX)
1. Given those options, is this a reasonable asset allocation for a more aggressive portfolio? Any suggestions for change? I'm not sure about the large vs. small caps.
60% domestic stocks (40% Large caps VINIX, 20% small caps VSCIX)
20% International stocks (VTIAX)
5% bonds (VBIMX)
5% TIPS (VAIPX)
10% REIT (will use Roth IRA)
2. These are not the funds I would have chosen had I free reign of all the Vanguard funds. Would I be better off using one of their Target funds instead?
Many thanks!
I will soon begin as an attending and am working over the summer on designing my first retirement investment portfolio. I am hoping to get some advice on selection of funds and asset allocation. I plan to max out 403b, 457b (non-govt), and HSA through my employer (Mass Mutual manages funds) and do a backdoor Roth IRA.
Vanguard options available through new employer (there are additional non-Vanguard options, but ER too high)
0.06% Vanguard Intermediate Term Bond Index Fund (VBIMX)
0.10% Vanguard Inflation-Protected Secs Fund (VAIPX)
0.17% Vanguard Equity-Income Fund (VEIRX)
0.04% Vanguard Institutional Index Fund (VINIX)
0.07% Vanguard small cap index fund (VSCIX)
0.12% Vanguard Total International Stock Index Fund (VTIAX)
0.10% Vanguard Institutional Target Retirement/Lifestyle funds (2025-2060)
1. Given those options, is this a reasonable asset allocation for a more aggressive portfolio? Any suggestions for change? I'm not sure about the large vs. small caps.
60% domestic stocks (40% Large caps VINIX, 20% small caps VSCIX)
20% International stocks (VTIAX)
5% bonds (VBIMX)
5% TIPS (VAIPX)
10% REIT (will use Roth IRA)
2. These are not the funds I would have chosen had I free reign of all the Vanguard funds. Would I be better off using one of their Target funds instead?
Many thanks!
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