Which funds should I invest in for my 401k?
A little background on my current portfolio.... Emergency funds: 12 months Debt: No credit card debt, $7000 in student loans Tax Filing Status: Single Tax Rate: 15% Federal, 6% State State of Residence: MO Age: 23 Desired Asset allocation: 60% stocks / 40% bonds Desired International allocation: 33% of stocks Current retirement assets Taxable none currently His 401k none currently just started new job earlier this week. Did not invest in 401k at last job. His Roth IRA at Vanguard 100% Vanguard LifeStrategy Moderate Growth Fund (VSMGX) (.16) Have only invested in 2011 and 2012 so under $10000 Contributions New annual Contributions his 401k (company match of 6% after 6 months, first day this past monday) $5000 his Roth IRA Available funds Funds available in his 401(k) Fidelity Growth Company Fund (FDGRX) (.84) Fidelity Contrafund Fund (FCNTX) (.81) Vanguard Small Cap Index Fund Institutional Plus Shares (VSCPX) (.12) Blackrock Lifepath 2015-2055 (Varies) (Varies) Couldn't locate ticket symbol for following: Fidelity Employee Savings Plan Stable Value Fund (.26) Blackrock us treasury inflation protected securities fund f (100% AAA bonds) (.05) BLACKROCK EQUITY INDEX FUND T Large Cap (.07) Mellon Capital EB DL ACWI ex-U.S. Fund International Stocks (.15) Questions: 1. What would you recommend of the available funds in my 401k would you invest in? What percentage of each? Which ones would you recommend to stay away from? I realize this may not be possible because I couldn't locate some of the ticker symbols and for that I apologize. 2. This is a very general question, but my company offers a roth 401k option. Am I allowed to invest in both a roth 401k and roth ira, and max out both?
Asked By: Paul C - 11/3/2012
Best Answer - Chosen by Asker
Agree that you should stay away from bonds or bond funds at your age and at current interest rate levels... More
Answered By: PrivateBanker - 11/4/2012
Additional Answers (5)
This something I think you should discuss with a financial advisor. I'm not trying to be pedantic, this is just something that's too general to bring up here... More
Answered By: The black belt guitarist - 11/3/2012
It's totally nuts to have 40% of your retirement money in bonds at your age. Forget the fact that you'll get killed in them when inflation comes back......... you have 30-40+ years before you need to touch this money. There will be times where you'll lose 25%-50%..... but that's how you become rich, you keep adding... More
Answered By: Common Sense - 11/3/2012
The Company Match for 6%,..Higher if you felt the Companies outlook was promising... More
Answered By: zuma - 11/3/2012
With your desired stock/bond allocation and international stock allocation, I would suggest the following... More
Answered By: Joe - 11/4/2012
The company in setting up the 401k plan should be retaining an administrator. As part of the services, the administrator should have a registered adviser, who has fiduciary responsibility to help you set up an allocation based on questions regarding your risk tolerance. The administrator should be able to provide the... More
Answered By: C B - 11/5/2012
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