BLUF: 31y/o investing 7% (employer match brings it up to 13%) of a $84.3k/yr into an employer-sponsored Vanguard plan. Trying to figure out the best contributions.
Did myself a huge disservice by not starting investing earlier, but now trying to figure out the best way to allocate funds in a employer-sponsored 401(k) plan. Currently doing 7% of my paycheck (pretax), with an employer match of 5% (13% combined total). Pay is ~$84.3k/yr, 80% VA Disability (~$1,780/Month, covers my mortgage with some excess).
Currently have ~$7.8k in the 401(k), but worried that either my investment choices (I have no idea what I'm doing, other than going by the advice "You're still young, go with high risk/high reward!") will screw me in the end, or I'm contributing too little, and in the end I will not be set for retirement.
This is a breakdown of what I have in my plan, can attempt to get datasheets for funds as needed.
Any advice would be GREATLY appreciated, and I would be happy to provide any information that would help facilitate said advice.
Submitted June 15, 2017 at 04:45PM by CatsAndIT http://ift.tt/2rwIF8r
