Reason to fund this: If we both max our 401s we may be able to contribute to an IRA. Otherwise only DH can utilize the backdoor Roth.
Reason against: Fees seem very high. The bond fees in particular eat up half the return.
His NEW 401(k) - All with American Funds
Code: Select all
New World RNWCX 1.38 Small Cap RSLCX 1.44 EuroPacific RERCX 1.15 AMCAP RAFCX 1.08 New Perspective RNPCX 1.12 Growth Fund RGACX 0.97 Capital Wld Gwth & Inc RWICX 1.10 Investment Co of Amer RICCX 0.97 Washington Mutual RWMCX 1.03 Income Fund RIDCX 0.99 Balanced Fund RLBCX 0.94 High Income RITCX 1.05 Bond Fund RBFCX 0.93 US Govt Securities RGVCX 1.01 Money Mkt No info yet
2. Which fund would you suggest? I recall Amcap is 100% US stock but don't know much about the others.
Previous post here: Portfolio We just simplified his 401s to the choices bolded (2 Spartan funds, the Blackrock S&P & Spartan Tot Mkt.) Previous 401s have much lower fees than new plan.
If he opens this new 401(k) we will rebalance to our AA in her accounts at Vanguard.
Thanks for any suggestions or advice.