AssetBuilder Inc. Registered Investment Advisor - Simple Investing. Smart Future.

Before my wife and I were married, I set up Roth IRAs for each of us at Vanguard.  They started out as the margarita and have now evolved to the six ways to sunday.  They both now have roughly the same amount of money in each, give or take a few hundred.  We max them out every year in January

Ever since we've gotten married, it's bothered me that we have two of the same IRAs.  I feel like I'm doing something wrong.  I've toyed with the idea of splitting the six funds between the two IRAs.  Does it really matter?  Maybe I'm missing something. 

 Also, I have about $4500 in the American Century Bond fund in each of the IRAs.  I know Scott was recommending a ETF version.  Should I hold on to the bond fund or make the switch to the ETF?

Sideseal,

 At your leisure, you should shift to the index ETF that invests in foreign bonds, ticker BWX. It's fees are lower than the American Century fund and it is an index fund, so odds are its long term performance will be better than the managed fund. I only included the American Century fund because there was no index fund alternative at the time.

The only reason you might put some funds in one account and other funds in the other is costs. If you can lower transaction costs that way, it might be worthwhile. Long term, however, it would be better to have two complete portfolios in different accounts.

 Scott 

Thank you sir and I appreciate your advice.