Thanks again guys, and yeah Fuego, sounds exactly like me
I've looked at the SEP-IRAs and solo-401ks, but not in too much detail. When I started my retirement accounts last year, it was recommended I max out my ROTH IRA first because I'm so young and in such a low tax bracket that having tax free growth would be a huge benefit to me.
Between maxing out both me and boyfriend's ROTHs and our emergency savings, we didn't have any left over to start a SEP yet, so I just decided to learn as much about what I'm currently able to invest in first, and then talk with MY CPA about how to format everything for a SEP, because the rules seem very complicated for the kind of salary we need to give ourselves as S-Corp owners and all that. It seemed best to get extra knowledgeable in what I'm already working on before loading my plate up too much.
At American Funds, after my initial funds and crunching that down to two I liked, I've got about $2.5k in Capitol Income Builder Class A and the same in New Economy Fund Class A.
Boyfriend's is AMCAP Fund (AMCPX), with $4k, EuroPacific Growth Fund (AEPGX) with $3k and SMALLCAP World Fund (SMCWX) with $3k.
When we open his Vanguard account next month, he's decided to choose one of the core funds you recommended.
Aside from that, just to create an overall financial picture, We've got $14k emergency savings, $3k cash, and $7k in a CD, along with the $10k in his ROTH, all at American Funds right now, and $8k in mine split between the Vanguard and American Funds.
What is the process when switching ROTHs over from one to the other, and how will it affect our funds?
Oh, and don't worry, I won't tweak
I get really anxious when putting them in because I'm trying to put the money in and just forget it all.