No. of Recommendations: 0
-You are wise to take this approach. I am a great believer in index funds. You might consider diversifying into other indexes than the Total Market, for instance a global fund, or various niche funds. REIT comes to mind.

The No Count portfolio is 100% in mutual funds, and it has served us well. I don't have any confidence is the average person's stock picking (and market timing) skills, including my own.

CNC

Thanks CNC, I hope my strategy serves me well, it has in the shortish-term(10years or so) but what hasn't? I've been considering adding some global/emerging market funds at some point, I'll bump it up the priority ladder.

-Nothing keeps you from pursuing both options - taxable for now and a Roth 403b that you can fund in the future. If you are otherwise unable to put the max into the roth 403b, you could even spend down the taxable assets as "income" and maximize the 403b in the future (effectively backdooring taxable assets into a Roth).

Interesting, at first glance this backdoor strategy is a bit confusing to me but likely worth investigating more.

-Just be aware - in the event of a divorce, she would normally be entitled to 50% of your retirement accounts/plans, and you would be entitled to 50% of hers, through the QDRO (Qualified Domestic Relations Order) process. So the motivation for opening an account specifically 'in her name' is probably not necessary.

Hmmm, I better make sure she doesn't leave me then...

-HSA comments
Yeah I'll give that some serious thought, thanks all!
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