investingholder wrote:sorry I meant to write Vanguard total stock market index admiral shares, not VTIAX.
I don't see vtiax mentioned above but assume you mean you have total stock in taxable?
I will give you a bump because I'd like to see answers to your first question - sorry, above my pay grade. Getting rid of the stock specific risks and simplifying your portfilio are both worthy goals but how do the tax consequences play in?
Putting total stock market in taxable is fine, it is very tax effecient but total international may be preferable because of the foreign tax credit. You don't need to put bonds in taxable, just increase your bonds in tax advantaged. Of course if you only have target 2045 in tax advantaged you'd need to add a bond fund or go to a lower date fund. I think you can see where this going and why the three fund portfolio fits most investors. Not a lot of work, rebalance once or twice yearly, and it simplifies your asset allocation. I hope this was a little help.
If I am stupid I will pay.