Morning all!
I am 32 years old and did not start saving for retirement until 30, so I am a little behind in an ideal situation but I know that with some elbow grease and smart planning I can course correct.
I am currently contributing 17% of my 55K salary (it used to be 15% and 53.5K but when I received a raise recently I increased my contribution to 17%).
My company uses Wells Fargo to service our plan, and currently I have ~21K total in my 401k all invested in Vanguard Target Retirement 2050 Trust II.
I am very green to all of this, but usually learn things quickly, since I'm playing with live ammo here I wanted some thoughts from the masses.
The expense of my current plan is .08%, and the allocation of the trust my money is currently in is:
- 54.55% U.S. Stock
- 33.74% Non U.S. Stock
- 6.43% U.S. Bond
- 3.26% Non U.S. Bond
- 1.56% Cash
- 0.44% Other
- 0.01% Preferred
- 0.01% Convertible
I have one main question for this group: Should I move any of my money around or just continue dumping as much as possible in to the Vanguard Trust 2050? If anyone is incredibly bored - I cut and pasted all of the investment options in to an image, if you see anything smarter, please let me know. My Investment Options on Wells Fargo's Dashboard
Submitted October 26, 2018 at 10:21AM by poppunksnotdead https://ift.tt/2OPvrzj
