I like to keep things real simple. I don't typically use target date funds, but I'm not a slice-and-dicer either.
I'm hoping you very smart people can steer me towards the best approximation without getting too complicated with too many funds.
I'm not really looking to change my investment strategy, but rather implement it with these new vehicles. However, if you truly think I'm driving off a cliff, I'm open to hearing about it.
My current retirement account looks like this:
- 40% Total Bond - VBTLX
- 36% Total Stock - VTSAX
- 24% Total International Stock - VTIAX
- TIAA-CREF Large-Cap Value Index (TILVX - 0.05%)
- Vanguard Value Index (VVIAX - 0.05%)
- TIAA-CREF Large-Cap Growth (TILIX - 0.05%)
- Vanguard Growth Index (VIGAX - 0.05%)
- Vanguard Mid-Cap Value ETF (VOE - 0.13%)
- Fidelity Mid Cap Index Fund (FSMDX - 0.03%)
- Vanguard Mid-Cap Growth ETF (VOT - 0.13%)
- Vanguard Small Cap Value Index (VSIAX - 0.07%)
- TIAA-CREF Small-Cap Blend Index (TISBX - 0.06%)
- Vanguard Small Cap Growth Index (VSGAX - 0.07%)
- Fidelity International Index (FSPSX - 0.04%)
- Northern EM Equity Index (NOEMX - 0.14%)
- Fidelity Real Estate Index (FSRNX - 0.07%)
- Vanguard Balanced Index Fund (VBIAX - 0.07%)
- State Street Ret 2020-2065 (in 5 year increments) (0.07%)
- JH Stable Value Guaranteed Income Fund
- DFA Intermediate Gov Fixed (DFIGX - 0.12%)
- BlackRock US Debt Index (WBRUOX - 0.04%)
- Vanguard Total International Bond Index (VTABX - 0.11%)
UPDATE: I've also learned of the following schedule of fees:
Record-keeping services: 0.23% pro-rata
Administration and management: 0.57% pro-rata
These seem above-average to me. Where do these fall on the spectrum of good-typical-terrible?
Our matching logic was phrased as "100% match on first 3% of compensation, 50% match on next 5%". It specifically said compensation, not contributions. That struck me as unusual, but I think it means "contributions as a % of compensation". So if I make 100,000 it's 100% on first 3k, then 50% on the next 5k, then nothing".
With this fee structure and a 24% marginal federal tax bracket this year, does it make sense to continue to contribute in excess of the match?