This last week I maxed out the 2006 Roth IRAs for both my wife and I, a $4,000 contribution for each. I kept it simple and bought Vanguard’s Target Retirement 2045 Fund (VTIVX) for both, tilting our retirement portfolio asset allocation more towards 90% equities.
My new goal is to get $50,000 in total assets at Vanguard. I am at about $37,000 right now. The reason is that once I get to that level Vanguard will waive the $10 annual fee for each IRA mutual fund with less than $5,000 in it. I can then buy lots of specific funds separately and fine-tune my desired asset allocation. I may open up a taxable account and/or a SEP IRA with them to achieve this. Does this make me a Boglehead?