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I am trying to decide how to fund my 2003 Roth and would appreciate comments on my strategy.

I have 3 mutual funds that did very well in the late 1990s, but tanked as soon as the bear market hit. They have been doing better recently, but I feel that their returns are still below average. They are:

JAENX - worth $1K
WWWFX - worth $1K
PRSCX - worth $3K

I was thinking about selling JAENX and WWWFX (both at a loss), and using the proceeds plus $1K that I have in my ING Orange savings account to start a Roth IRA at Scottrade. I'm planning to put the whole $3K in Vanguards total stock market index fund.

I'm 24 and currently am funding my 401K with 8% of my salary (it contains $10K right now, most of which is in VFINX). Also, I have $8K in my efund and about $13K in stock options and restricted shares. My student loans are $20K with an interest rate of 3.125%.

This year, my financial goals are to finish funding my efund (get it up to $11K), fully fund a Roth for both 2003 and 2004 and bump up my 401K contributions to 15%.

I am considering going to medical school in 2007, so I think it is wise to move as many assets as possible into retirement accounts in order to receive the best financial aid package I can.

Do anyone have any comments on my situation/strategy? Could anyone offer any advice?
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