After investing in a Traditional IRA and a Roth IRA with Raymond James for the past four years, I have pulled the trigger on moving those funds to Vanguard. I previously was invested in a Target Date Retirement Fund that was providing returns of 15-20% annually. From my perspective that was a big win, but after further review I realized I was being charge 1% for a management fee and another 1.3% for the funds expense ratio. Now as the funds are currently being transferred, I need to consider which route I should go for future investments. As appealing as Target Date Retirement Funds are, I would like to prolong my relatively high risk exposer for the next 10-15 years before I move towards lower risk investments. To do this, would it be better to build my own portfolio through Vanguard? Would choosing a Target Date Retirement Fund that is projected to mature 10 years after my ideal retirement date expose me to higher risk investments longer? I am 22 years old and if it would help to know how much I have invested/on-hand just let me know!
Submitted December 05, 2017 at 03:46AM by rcarter95 http://ift.tt/2iUMscC
