Hello all. My wife and I are relatively new to the investment world. I am finishing up my fellowship and she is in practice as a clinical pharmacist. This is the first year for the Backdoor Roth IRA. We are doing it through Vanguard so they have a 7 day hold on our account before we can transfer to our existing Roth IRA (we first did a "regular" Roth 10/2017), so we have some time to choose our funds. Neither of us really know exactly what we are doing but from reading the WCI book, forum and other sites we gave it our best shot in October. We intended to do the Boglehead's 3 fund portfolio, but we don't want to do Bonds at this point in life (she is 29 and I am 30). We just picked the the target funds because it seemed like a good option from the $1000 minimum accounts that were left after putting $3000 into a stock market index and international stock market index each.
Our Roth IRA portfolio currently looks like this:
VTTSX (Target Retirement Account 2060) 23%
VGTSX (Total Internation Stock Market Index) 27%
VFIFX (Target Retirement Account 2050) 23%
VTSMX (Total Stock Market index Fund) 28%
QUESTIONS: What would you all recommend we do with the $11k we are investing through the backdoor method this year?
Bonus Question: My wife is changing jobs and will be transferring her ~$50k from her 403b from Fidelity to Prudential. We did not do anything to manage that account, but now we are educating ourselves we would like to figure out what to do with that account to optimize returns, minimize fees and optimize tax efficiency of our asset allocations. Any advice on reading material that we can do for a Fidelity account would be greatly recommended. When I start my attending job in August, I will be figuring out what to do with my 403b, 457 and HSA
, but I will leave those questions for another time!
Thank you for your time.
Our Roth IRA portfolio currently looks like this:
VTTSX (Target Retirement Account 2060) 23%
VGTSX (Total Internation Stock Market Index) 27%
VFIFX (Target Retirement Account 2050) 23%
VTSMX (Total Stock Market index Fund) 28%
QUESTIONS: What would you all recommend we do with the $11k we are investing through the backdoor method this year?
Bonus Question: My wife is changing jobs and will be transferring her ~$50k from her 403b from Fidelity to Prudential. We did not do anything to manage that account, but now we are educating ourselves we would like to figure out what to do with that account to optimize returns, minimize fees and optimize tax efficiency of our asset allocations. Any advice on reading material that we can do for a Fidelity account would be greatly recommended. When I start my attending job in August, I will be figuring out what to do with my 403b, 457 and HSA

Thank you for your time.
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