Some history, I'm 27, live in the US, and I've been fully employeed with the same employer for 5 years since graduating from college. I went from making 47k with 2k in potential bonuses to 92k with 13k in potential bonuses over the 5 years. I haven't really increased my lifestyle, so I've gone from the 8% 401k contribution (to get the full employer match) to 15% on my 401k, and maxing my vanguard IRA as well as HSA and investing what I can there, while paying for any medical expenses out of pocket to let that money grow tax free.
My employer offers a 401k through Fidelity, and I have fewer options through this than I would like, and I had always just allocated everything to the Fidelity 2055 K fund to "set and forget" it. I only recently realized how relatively high the fees would end up being if I left my money in this instead of going the index fund route. Luckily with Vanguard and my HSA, I have great options for investing in low fee index funds and have set that up. My 401k however doesn't have a ton of options, and I'm wondering if anyone has any suggestions on how to allocate percentages for a 27 year old planning to retire at 65.
Here are the funds offered:
Stock Investments
- Large Cap
- DH LARGE CAP Y
- FID 500 INDEX INST
- FID CONTRAFUND K
- INVS GRTH & INC R6
- TRP GROWTH STOCK
- Mid-Cap
- HARBOR MDCAP VAL RET
- LONGLEAF SMALL CAP
- TRP MID CAP GROWTH
- Small Cap
- VRS SMALL CAP GRTH Y
- International
- ARTISAN GLBL VAL IS
- FID DIVERSIFD INTL K
- OPP DEVELOPING MKT I
- Specialty
- COHEN & STEERS RLTY
- PIM COM REAL RET I
- WW INCOME OPP INST
- Blended Fund Investments
- I won't go into the whole list, but the one that applies to me is the FID FREEDOM 2055 K
Bond Investments
- Income
- DODGE & COX INCOME
- FID US BOND IDX PR
- H & W HIGH YIELD I
- JPM STRAT INC OPP R5
- PIM REAL RETURN INST
- PIMCO SHORT TERM IS
- TMPL GLOBAL BOND R6
- Short Term Investments
- FIMM GOVT CL I
Another question I had was if I ended up continuing with the target date fund, do I pay the fee listed on that fund, as well as the fees listed for all of the funds wrapped up in that?
Submitted August 19, 2018 at 10:36AM by MrSingularitarian https://ift.tt/2MCmwiN
