Which Fidelity funds for backdoor ROTH

[IRM]

Great to see an increase in ROTH limits! Both spouse and I are lined up to do our backdoor ROTH for 2023. We will be going into Fidelity. Which fund should we buy into? Our ROTH accounts at Fidelity are just a part of our retirement that we do an annual max conversion into each year. We mostly contribute and forget this until the following year. TIA

[CordMcNally]

Need more information. What's your goal asset allocation and what other holdings/accounts do you have? I'd recommend FSKAX as a general blanket statement.

[G]

Classically, you put the high tax portion of your portfolio in your Roth, such as REITs or high-yield bonds. But one could argue.

More importantly, why are you yelling?

[GasFIRE]

Classically, you put the high tax portion of your portfolio in your Roth, such as REITs or high-yield bonds. But one could argue.

I prefer income producers whether bonds or REITs in pre-tax accounts while reserving Roth space for assets with the highest growth potential. To the extent possible, I want to minimize having capital growth taxed as income in pre-tax accounts.

[FrugalBeardMD]

In our ROTHs we utilize the Fidelity Total Market ZERO fund (FZROX) and the Fidelity Total International Index Fund (FZILX). Both have an expense ratio 0! Hard to get more WCI/Bogle than that.

They hold slightly less holdings than the equivalent ones with expense ratios, but track 99.9% the same, so pretty great.

[Brains428]

Vti. But I prefer etfs over mutual funds.

vxf is another decent one to capture small and mid cap. More volatility (read, may outperform or underperform broad market)

[drwifey]

I came here to ask this exact question. Where should I invest backdoor with fidelity? Looking to help invest my spouse's Fidelity backdoor roth that was a late 2022 contribution. I also use Fidelity for backdoor and have it in FSRNX (reit). This felt good for me but my spouse is more conservative. Any recommendations welcome!

We've grown our investments from ~30,000 to ~165,000 in 18 months using Whitecoat principles, aka our current holdings and assets are in HYSA/employer retirement/the match/HSA/backdoor.

[CordMcNally]

I came here to ask this exact question. Where should I invest backdoor with fidelity? Looking to help invest my spouse's Fidelity backdoor roth that was a late 2022 contribution. I also use Fidelity for backdoor and have it in FSRNX (reit). This felt good for me but my spouse is more conservative. Any recommendations welcome!

We've grown our investments from ~30,000 to ~165,000 in 18 months using Whitecoat principles, aka our current holdings and assets are in HYSA/employer retirement/the match/HSA/backdoor.

As mentioned above it depends what your goal asset allocation is. FSRNX may be the right fund or it may not if your asset allocation doesn't call for REITs. It also depends on what other accounts are available to you.