Hello! I'll get right to the details but basically I'm not sure I'm using my money wisely. Any help/advice y'all have would be very appreciated! If there's more information I can provide that would help please let me know.
About me:
- 30
- $80,000/yr, $~4,900/mo
- Saving for emergency fund and mortgage down payment
- I've broken down my major debts and investments below
My concerns:
- I'm not investing properly - is it okay to have two separate target date mutual funds? What else should I be looking at investment-wise? Should I consolidate to one or the other and max out?
- Are these mutual funds roth or pre-tax? Does that even apply to mutual funds?
- Should I be investing in my work 401k? Investment option? pre-tax or roth?
More on Securian:
- They have 3 investment options -- Age, Risk, or choose-your-own investments.
- Risk performance: http://ift.tt/2msaVTq
- Age performance: http://ift.tt/2lUfEQ6
- Available investments: http://ift.tt/2ms1Lq6
| Debt | Monthly | Total |
|---|---|---|
| Monthly expenses | ~$1,000 | N/A |
| Student Loans | $500 | $23,526 |
| Car | $377 | $16,262 |
| Investment | Monthly | Total |
|---|---|---|
| American Funds 2055 Target Date Retirement Fund (AAMTX) | $275 | $5,215 |
| Vanguard Target Retirement 2055 Fund Investor Shares (VFFVX) | $275 | $3,652 |
| Securian - Work 401k (no matching) | $0 | $3,822 |
| Savings Account | $800 | ~$8,000 |
Submitted February 26, 2017 at 11:39AM by TennesseeWhiskay http://ift.tt/2mzciz1
