We opened up two Roth IRAs a few months ago. We are currently adding $400 a month to each account, and I am looking for some help on where I should be putting this money.
All of DH's fund is going into a targeted retirement account (2040). I plan on keeping that consistent and I want to take a more hands off approach to his account.
My account is currently being split between 4 different mutual funds-- LGILX, SNXFX, SFSNX, and SWPPX. I also bought a few shares in Exxon and have 4 shares in SCHE.
Is this wrong? What else should I consider buying?
A little about us- we are in our late 30s. We both have amazing government pensions, which should provide health insurance and 85% of our final salary after 35 years. (we are set to hit that at age 58). If the pensions come through as promised, we are golden and this money will be used for our future child's college and travel money for us. If something happens to our pension system, we are doubly screwed and this money becomes much more important.
We have around 20k total in our 403Bs, but stopped contributing this year, in favor of the Roth.
Submitted May 05, 2018 at 12:17PM by itallmatters610 https://ift.tt/2KFEJIE
