TDF
Templeton Dragon Fund
stock NYSE Closed Ended Fund

Sure thing
An index TDF like Fidelity Freedom Index funds will have slightly higher expense ratio, yes, but well within the "good" range, they are reasonable expense for the benefit of automatic rebalancing.
You're also "missing out" on the ability to decide your own allocation, but a lot of folks would consider that a benefit -- prevents you from performance chasing.

Got it. That's helpful. I also recommend you check out r/whitecoatinvestor. It's tailored to physicians but relevant to high-income professionals in any field.
I still think 100% VT in taxable + 100% index TDFs in tax-protected is a defensible option. It's what my spouse and I do. Again, with the caveat that we adjust our TDF date as needed to "keep up" with the growth in our taxable account, in case our stock:bond ratio gets too high.
You can also add bonds in your taxable account if needed, with the caveat that it is slightly less tax-efficient, compared to putting them in tax-protected accounts. Municipal bonds probably don't make sense at your income level, even after the income jump, but worth considering if you have a high-income spouse and file MFJ.
VT is the simplest approach, but if you are okay to separate it into VTI + VXUS, you'll recapture a little bit of tax delta via the foreign tax credit if your taxable balance grows very large. But it's not a huge amount - on the order of a few hundred dollars per year if your taxable balance is well over $500,000.
You could also go with a fund like AOA in taxable. It has the advantage of recouping the tax delta via the foreign tax credit, and it has some bonds, but not a lot of bonds. It is also very, very simple and set-it-and-forget-it.
TL;DR - You have a lot of options, but 100% VT in taxable is great for balancing simplicity with decent tax optimization.

Do you expect any major increases in your income in the next 5-10 years (e.g., due to completing additional degrees, training, career pivots, etc.)?
Just confirming, you already max out your Roth IRA annually?
Assuming "no" and "yes" to above, respectively:
I would recommend 100% VT in your brokerage. If somehow your brokerage account starts to be a significant portion of your overall portfolio (>10-20%), such that it skews your allocation heavily away from the stock:bond ratio in your TDF, then you can always just move up your TDF to an earlier year, i.e., going from 2065 to 2060. This would adjust your overall portfolio back towards a heavier bond allocation.

Amazing, thank you so much! I realized the rollover IRA was from previous jobs and I am not actively investing in that- phew. I also confirmed I'm not actively investing in my individual IRA until I've maxed out the Roth at $7,500 this year and I took out FSPSX. I'm glad I did this health check to take clearer notes on *why* I'm doing what I'm doing so future me will understand.

I'm going to think about what's best (set and forget via the TDF or the 3-fund). What am would I be missing out on if I went with a TDF? Is it higher fees? Thank you!!

Correlation between the two is like 95/96%. I think you’d be just fine with FSPSX
Or you could pick a TDF that is well past your planned retirement date (like a 2060 or 2070) to stay heavy in equities. You’ll pay a marginally higher expense ratio

You will want to keep the TDF 401 max stuff the same.
In addition to that, you should open a brokerage account on Fidelity, Vanguard, or Schwab. Then you can open an IRA and start maxing that out every year as well. For Fidelity you would want to buy FSKAX and FTIHX; Vanguard would be VTI and VXUS; Schwab would be SCHB and SCHE+SCHF. Those are a total US (which obviously includes the S&P) and a total ex-US.

It’s great you’re maxing out your 401, and you should keep doing that. If you tell us the ticker for your TDF, we can look it up. You should always understand what you’re buying so this will be a good exercise for you.
What’s a flip and what are you asking if what will have a difference? You should continue to max your 401 out every year. In addition to that, you should open a brokerage account on Fidelity, Vanguard, or Schwab. Then you can open an IRA and start maxing that out every year as well. For Fidelity you would want to buy FSKAX and FTIHX; Vanguard would be VTI and VXUS; Schwab would be SCHB and SCHE+SCHF. Those are a total US (which obviously includes the S&P) and a total ex-US.

> Roth IRA: FTIHX (45%) | FSKAX (35%) | FXNAX (15%) | FSPSX (5%) I'm not remembering why I added in FSPSX. I'm thinking of taking it out and switching back to the three fund portfolio.
Number of funds isn't the important part, but FTIHX has everything FSPSX has, so, doesn't really make sense to hold both.
Are you overweighting international here and in Rollover IRA because the taxable is overweighting US?
> Individual: VTI (80%) | FXNAX (20%) When would I be contributing here over my Roth or rollover?
You probably don't want to make any contributions to Rollover IRA. Usually would prefer pre-tax/traditional dollars to go to 401k if you have one.
Usually you'd want to make full use of tax advantaged accounts before bothering with taxable brokerage account.
> We've read to change this to change to FDEWX.
Sure, that would reduce expense ratio a little.
> Should I have him switch to the three fund breakdown or should I move into a TDF??
Well, do you want:
1. set-it and forget-it? then, TDF everywhere
2. the allocation the TDF gives you? then, TDF everywhere
3. some other allocation? then the allocation you want, either:
a. same in each account or
b. summing up all the accounts and getting to that allocation in total
> My partner
Oh, #3b only if "partner" is married, planning on retiring together.

I agree the S&P 500 is a good investment, but you already have the S&P 500 in your TDF. So you would just be "double dipping" on something you already have.

In my 401k I believe around 7k a year. North of 90k/year before all deductions. Im not unhappy with my TDF, im just doing some quick searches around and some say it's not the best. Im trying to see if i can maximize my returns while younger, hopefully make up some time. Just trying to get more educated.
Time frame around 30 years ago I'll be at retirement. Im debating doing an active Roth to add on for investing in S&P 500 and have that on the side.

**Looking for review of our breakdowns!**
1. **This is what I (35yr) have:**
**Roth IRA**: FTIHX (45%) | FSKAX (35%) | FXNAX (15%) | FSPSX (5%) *I'm not remembering why I added in FSPSX. I'm thinking of taking it out and switching back to the three fund portfolio.*
**Rollerover IRA**: FTIHX(40%) | FSKAX (40%) |) | FXNAX (20%)
**Individual**: VTI (80%) | FXNAX (20%) *When would I be contributing here over my Roth or rollover*?
2. **My partner (37 yr) currently** has:
**Roth IRA**: FDEEX (100%)
We've read to change this to change to *FDEWX*. Before we make the switch, we believe it's a good idea to be similar.
Should I have him switch to the three fund breakdown or should I move into a TDF?? Thank you so much.

I started investing in May or June of 2020.
Reading that list is interesting in hindsight. I distinctly remember the fear around each one of those events, which I felt viscerally for the first few years, especially as friends started investing and would talk about how they were going to time the drop or knew which sectors were about to pop off. I admittedly fiddled too much at the start, moving from a TDF to a total US stock index, to finally adding international a few years back, but crucially never paused contributions, never sold, and rebalanced annually.
My portfolio didn't go positive until Spring of 2023, almost 3 years after I started. Then another 3 years passed and my total RoR sits at +140% (15.5% annualized) and only 60% of that original Roth IRA is money I put in; the rest is all growth.
A real recession is coming at some point, but I do think the struggle of seeing zero growth for the first three years of my investing journey (and living through the general chaos of the past six) has affirmed my belief in The Process and prepared me much better for it. It's much easier to tune out the noise nowadays.

Why are you unhappy with your TDF? You can also open an IRA and max it out every year, but you’re not giving enough information to give you great advice.
When you say you want to get more for your money do you mean you want returns that are better than the market? What’s your time frame? How much are you wanting to invest each month? Income? Goals? Timeline?

> Does the Rollover IRA money need to be invested differently than the Roth?
No.
> Can they be invested in the same thing?
Yes.
> Just needs to suggestions on where to start the actual investing.
100% SWYPX (Schwab Target Date Index fund for 2070) would be a great choice, the set-it and forget-it option, can use it in both accounts; or 100% VT if you don't want bonds yet. If you don't know why you would or wouldn't want bonds, select the TDF.
No matter what you do, don't just select a ticker because people are telling you to, read up here: [New to /r/Bogleheads? Read this first!](https://www.reddit.com/r/Bogleheads/comments/1l6j6tj/new_to_rbogleheads_read_this_first/) to understand about passive index investing, keeping portfolios simple and fees low.

I've never seen anyone recommend a TDF as the only holding. Is that your practice? Is it your belief that most others here have only that one asset? Just curious.

Like a lot of people who work\\worked in tech I have too much company stock in a regular brokerage account and a mix of sp500 ETF and a 2030 TDF in the 401K. It's way past time to rebalance out of that company stock and pick up some bond funds to go much more conservative.
I'm thinking the right way to do this is sell the highest cost basis lots of most of the company stock in the regular account. Reinvest that in SP500 ETF, up to the limit of stock holdings I want to have. Next sell all of the SP500 ETF in the 401K and reinvest that into something like VGIT. Selling the TDF in the 401K maybe isn't worth the bother as it's already more than half secured investments. The idea is to tax protect the future distributions from VGIT.
This is the recommended approach, right? Any hidden pitfalls I should watch out for? There is no cost or issues with heavy rebalancing within the 401K. The highest bracket capital gains hit from the big company stock sale will hurt, but it needs to happen. I have no losses to harvest. Stretching it out over many years seems like too much continued exposure to risk.

Why not go with something even simpler and self-balancing like a target allocation fund? Keep it simple for your trustee.
For target allocation there are things like iShares AOR (60/40) or AOA (80/20) or the Vanguard LifeStrategy funds VSMGX (60/40) or VASGX (80/20).
It might be possible to consider a TDF, and there are iShares LifePath target date ETFs that can be bought at most brokerages. They're still pretty new and small. I imagine that the expenses of a special needs person will be weird given the relatively lower earnings potential. I.e. it's essentially going into the drawdown phase right at the start and you can't depend on earnings to supplement the trust payments.

Right.. thanks. I will try to find TDF with lower TER and talk to them

Depends. When I was using TDF I picked a date 10 years later to make it more aggressive longer. But Bogleheads don't use TDFs.

2040 TDF