Hi Jeremy! I’m a 28 year old opening a tax brokerage account for the first time. I have maxed out my Roth IRA and don’t have access to 401K at this time (start-up life), so I’m looking to open a tax brokerage account for investing.
I’ve been reading up a lot and have heard that you should avoid holding bonds in the tax brokerage account due to tax reasons. However, holding 100% VTSAX could be too risky? I know the target retirement fund has bonds, so I’m wondering if that’s not good for this account.
Currently, my retirement funds have the following breakdown (all in Vanguard Target Retirement 2055 Trust):
- 90.8% Stocks
- 9.2% Bonds
Given the above, would you recommend buying VTSAX or Vanguard Target Retirement 2060 Fund in my brokerage account? Thank you!!