I was recently hired on at my first job to offer benefits and retirement plan options. I was given three options: Prudential 401k, Prudential 457, and Nationwide 457. I've heard more about 401ks, so I'll probably go with that. If anyone could briefly explain the difference between the 401k and 457, or who each plan is better suited for, I would appreciate that
But my main question is about the options within my 401k packet.
I'm not sure which of the three investment allocation options would be best for me. The three options are: "Part 1: GoalMaker with Automatic Age Adjustment"; "Part 2: GoalMaker without Automatic Age Adjustment"; and "Part 3: Design your own investment allocation"
Parts 1 and 2 list conservative, moderate, and aggressive investing options, and Part 3 has 13 options which I can input different percentages so long as they total 100%. One of my parents thinks their retirement plan would fall under the "North Carolina Stable Value Fund" in Part 3 -- 100% into that -- but they're not entirely sure. I can list all of the options if someone needs that information.
Do you have any suggestions or recommendations about this last section for someone who is starting a retirement plan for the first time? I'm not sure which of the three options would be best for me, and I don't really know how to go about searching for information since much of what I find online is not clear.
Submitted June 28, 2017 at 08:02PM by uncertaincoda http://ift.tt/2so8m6X
