I have a few question on my portfolio strategy as I am doing my annual review and getting ready to max out 2023 IRA.
401K: Company sponsored 2055 Target Date Index Fund. I meet the company match.
Roth IRA: I set my first IRA up in 2021 so I’ve been working through optimal investing strategy… I initially started with a Total Market Fund, then decided to go the S&P 500 Route.
In 2022 I started following PFC, and learned that TDIF are better suited for say 401K or IRA accounts (VS brokerage) so in 2022 I bought all shares in TDIF 2060 ETFs
- FDKLX Target Date 2060 405 Shares Cheaper- 14.82/share
- FSKAX Total Market Fund 1.6 Shares 119/share
- FXAIX- S&P 500 38 Shares 154/share
Brokerage: VTI and chill
HSA: Not invested yet, I meet the cash threshold amount to invest. HSA is next on the list to research
I feel like all 3 tickers in my IRA are the same, and there isn’t much of a need to hold all 3. Should I convert FSKAX and FXAIX to FDKLX Target Date Index fund? Then for 2023 max out with the same TDIF?
Does the overall portfolio make sense? I am being very aggressive with my brokerage, hoping the bonds in 401K and IRA will balance things out.