I've finally opened a Fidelity brokerage account to put remaining money into after I've maxed out our Roth IRA's. I don't have any other tax advantage investing options, so this is just a taxable account.

I think I'm just going to park it all in the Fidelity Total Market Index Fund (FSKAX). But with it being taxable, would you suggest something different? I've done some reading that ETF's may be better for taxable accounts like this.

Thanks in advance

FZROX... No fee total market fund

ETFs are absolutely better for taxable accounts than mutual funds. Here's a Fidelity article that says so:
https://www.fidelity.com/learning-center/investment-products/etf/etfs-tax-efficiency

In a nutshell, the reason comes from the fact that a traditional mutual fund has to physically rebalance its assets, which means it's going to take capital gains throughout the year and have to distribute them. That's an additional tax burden that ETFs don't have to deal with because of the way they're structured.

With ETFs, the only regular tax liability for a buy-and-hold investor is dividends (which mutual funds also have). Not much you can do about that. I'm fairly certain every stock-based ETF pays at least a little bit. But you could look for ETFs that perform well and have very low dividend income.

RPG is a really good example of an ETF that tends to outperform the S&P500 without taking on extra downside risk. On some years, RPG is going to have 1/4 the dividend income as SPY, and the extra equity gains make up for that lost income... so you have less tax burden and more overall total market return. Of course, it's most certainly very different exposures - but you could think of this as a way to diversify... if this account is your "extra" money anyways, getting into a non-standard ETF that performs well and has low tax burden might be a good move.

VTI and BND, split the % between the two how you see fit

Well, I have a fidelity account. I know I can buy VTI, but I'd have to pay a transaction fee I believe. No big deal?

I think I can buy a an iShares ETF (ITOT) that seems similar for free

Dill-Ag13 said:

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VTI and BND, split the % between the two how you see fit

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These are excellent choices. Agree, split % as you will. If you were a grandparent setting up a trust for a grandchild or great grandchild and wanting them to have something of an investment and you don't want to worry about it - this is the recipe.

Yep, OP has Fidelity and there's an initial fee for the purchase of Vanguard products into a Fidelity account, but at least the dividends and capital gains are reinvested to the EFT's at no charge.

Vti and bnd are vanguard but they are etfs not mutual funds so they trade like normal stocks and since fidelity has no fees for stock trades you won't have to pay anything extra to add those to your account.