Welcome to the forum
Its great that you have no debt, and are starting with a high savings rate. Very wise. Those are really nice low expense ratios.
My thoughts: Since I am young I have 100% of my investments in stocks, with a lean toward small cap and value indexes. I want good asset allocation in the stock index funds I choose. My goal is to invest $20,000 (after company match) each year into my Roth IRA & 401k, . . . . I like the very low Roth-401k expense ratios I have access to through my employer (a large company). My Roth-401k doesn’t offer a good Small Cap Value fund, so I have that in my Roth IRA and will purchase $5,000 throughout the year. The remaining $15,000 will be split between my Roth 401k holdings.
Any advice? The only thing I am currently thinking about changing is moving some of the emergency savings in my savings account into short-term Bonds/CDs offered by my bank. Also, I don’t see an issue with all my holdings in my IRA and 401k being Roth, but am I missing anything?
Even for someone 22 and feeling aggressive, I definitely suggest some bond investment, Chart, An Efficient Frontier, The Power of Diversification
; and Forum Discussion, on why use bonds?
, say 20% of the total portfolio. Short term bonds/CDs could be a part of that, but include some intermediate term bond fund.
You really need more large cap, 20% of equity in domestic large cap is truly tiny. International is within reason. REIT is within reason. I would skip growth funds, if you don't want blend go to the value side. Use Small value alone, don't also use small. These are the changes I would suggest for the equity side of the portfolio, if you really are determined to start out so complex:
Small Cap Value 25% (Expense Ratio: 0.24) – Roth IRA
Total International 25% (Expense Ratio: 0.10) – Company Roth 401k
Large Cap Value 40% 15%
(Expense Ratio: 0.08) – Company Roth 401kSmall Cap Index 20% (Expense Ratio: 0.06) – Company Roth 401kLarge Growth 5% (Expense Ratio: 0.08) – Company Roth 401k
REIT 10% (Expense Ratio: 0.08) – Company Roth 401k
Even if you make these changes, that still gives a very strong small and value tilt.
Can't really say if there could be better fund choices, since you don't say what else is offered.
In my opinion a better approach for a 22 year old is total market type investing. Investing in Total Markets
Read these carefully, and you may want a different approach than what you are trying.
Wiki article link: Slice and Dice
Wiki article link: Value Tilting - Stock
I hope that this helps.