Personal Investments • another portfolio review :)

hi everyone! i've just started a new job and would love some advice re: 401(k) investments. here is my current portfolio according to the template:

Emergency funds: I have one year of expenses saved
Debt: None
Tax Filing Status: Single
Tax Rate: 24% Federal, 9.3% State
State of Residence: California
Age: 26

Approximate size of your total portfolio: $200k

Current retirement assets

Taxable
0% cash (for investing – do not include emergency funds)
30% Vanguard Total Stock Market Index Fund ETF (VTI) (0.03%)
7% Vanguard Total Total International Stock Index Fund ETF (VXUS) (0.08%)

401k
10% Fidelity Freedom® Index 2060 Fund Investor Class (FDKLX) (0.12%) – previous employer.
41% American Funds 2060 Target Date Ret R2E (1.18%) – previous employer.
0% Fidelity (fund TBD) - current employer will match 50% of the first 6% employee contribution.

Roth IRA at Fidelity
9% Vanguard Total Stock Market Index Fund ETF (VTI) (0.03%)
3% Vanguard Total Total International Stock Index Fund ETF (VXUS) (0.08%)
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Note: Total percentage of all the above accounts together (not each account individually) should equal 100%.

Contributions

New annual Contributions
$23,000 401k
$7,000 IRA/Roth IRA
$30,000 taxable (for retirement, not short term goals)

Available funds


Funds available in current employer's 401(k)
FID 500 INDEX (FXAIX)0.015%
FID BLUE CHIP GR K6 (FBCGX)0.46%
FID CAPITAL APPREC (FDCAX)0.61%
FID CONTRAFUND K6 (FLCNX)0.45%
FID DIVIDEND GR (FDGFX)0.77%
FID GROWTH CO K6 (FGKFX)0.45%
FID STKSEL LGCAP VAL (FSLVX)0.88%
FID EXTD MKT IDX (FSMAX)0.035%
FID STK SEL MID CAP (FSSMX)0.65%
FID VALUE (FDVLX)0.84%
J H ENTERPRISE S (JGRTX)1.16%
FID SM CAP DISCOVERY (FSCRX)1.03%
FID SMALL CAP GR K6 (FOCSX)0.6%
FID INTL DISCOV K6 (FDKFX)0.6%
FID INTL INDEX (FSPSX)0.035%
VS EMERGING MKTS A (GBEMX)1.67%
FID REAL ESTATE INVS (FRESX)0.67%
FID SEL UTILITIES (FSUTX)0.69%
FID EQUITY INCOME K6 (FEKFX)0.34%
FID BALANCED (FBALX)0.47%
FID FREEDOM 2010 K6 (FOTKX)0.25%
FID FREEDOM 2015 K6 (FPTKX)0.26%
FID FREEDOM 2020 K6 (FATKX)0.29%
FID FREEDOM 2025 K6 (FDTKX)0.33%
FID FREEDOM 2030 K6 (FGTKX)0.36%
FID FREEDOM 2035 K6 (FWTKX)0.4%
FID FREEDOM 2040 K6 (FHTKX)0.45%
FID FREEDOM 2045 K6 (FJTKX)0.46%
FID FREEDOM 2050 K6 (FZTKX)0.46%
FID FREEDOM 2055 K6 (FCTKX)0.46%
FID FREEDOM 2060 K6 (FVTKX)0.46%
FID FREEDOM 2065 K6 (FFSZX)0.46%


Questions:
1. I just began a new job and need to set up my new 401(k) and choose an investment option. Wondering if the 0.46% expense ratio for the target date fund is too high and if the better option is FXAIX? Or maybe split between FXAIX and FSPSX?

2. For my previous 401ks, I definitely want to roll over the American Funds into Fidelity as soon as possible to reduce the expenses, but I'm not sure about the other Fidelity 401(k). That TDF ER is relatively low, so maybe I should just keep it there? If I roll both accounts into an S&P500 fund, my investments become significantly less diversified.

3. I am on track to contribute a lot to my taxable brokerage this year, and wondering if I should consider a mega-back-door roth strategy? I am open to any other general advice

thank you in advance for your help!!

Statistics: Posted by firenewbie21 — Mon Jul 22, 2024 8:26 pm — Replies 1 — Views 342

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