DietPepsi wrote:I put $10,000 into VSMAX and $10,000 into VTSAX in taxable accounts about a month ago.
what and who? please add fund names.
What is the impact on my taxes if I move the money from taxable into a Roth?
when you sell from taxable, you'll pay short-term capital gains on the earnings. this effectively increases your total wages by that amount. since you've only held the funds for a month, the amount should be negligible.
i definitely think you should contribute to a roth. if selling taxable investments is the only way to make that happen, then go for it.
however, given that you have until april 2014 to make this contribution, maybe you can save the 5.5k without selling. especially if you consider that the usual advice is to contribute to 401k only up to company match, then fully fund a roth before maxing out the 401k.
that said, if those expense ratios you posted are accurate your 401k is pretty amazing, so the usual advice may not apply.
What should I put the $5,500 into that my 401k doesn't do well? (I've been told the MSCI EAFE isn't a great international index so maybe total international is better)
i don't know about MSCI EAFE specifically, but a common issue with international funds is that they don't contain emerging markets and/or small caps that many of us favor. international index funds are a good fit for taxable space, so if you have any doubts then go ahead and consolidate your intl exposure in taxable. then you can concentrate on the options in your 401k that you like.