Hello,
This is my first job out of college and I am making 50k and my employer matches 4.5% dollar per dollar.
I am the first in my family to have a 401k plan.
I blindly chose a target fund index for 2060 for 7 months because I didn't know what I was doing.
I am using a Roth 401k and I have read some of the post saying that traditional is better but I am not really following on why.
I have relatively no knowledge but have been reading post from prior 401k help and I know you're suppose to pick a less than 2% expense ratio?
What should I be choosing? I am reading 90% in stocks and 10% in bonds and do not use a target fund?
From reading the general post I heard VINIX and VTSNX are good choices but I don't understand why, both are 99% all in stocks shouldn't I have 90% in stocks and 10% in a bond?
I am using gross and not net expenses don't know if that makes a difference. I am putting in 16% of my income in retirement, 20.5% total including employee matching.
Stocks offered by my employer:
AMERICAN FUNDS EUROPAC GRW R6 - RERGX ex: .49%
AMG TIMESSQUARE MID CP GR Z TMDIX ex: .98%
BROWN ADV SM CAP GROWTH INST - BAFSX ex: .99%
TRP GROWTH STOCK TRUST, A - GAT ex: .50%
U.S. MID-CAP VALUE EQ TRUST D - MVD ex: .64%
U.S. SMALL-CAP VAL EQ TRUST D - SVD ex: .66%
VANGUARD INST INDEX - VINIX ex: .04%
VANGUARD TTL INTL STK IDX INST - VTSNX ex: .08%
VANGUARD WINDSOR II ADMIRAL - VWNAX ex: .25%
Bonds:
DODGE & COX INCOME - DODIX ex: .43%
Money Market:STABLE VALUE COMMON TRUST FUND SV-PB ex: .15%
Target date:
T rowe 2060 RN7 ex: .43%
Any information specific about what to choose or to know in general about investing for retirement would be greatly appreciated, as I am a novice with no one in the family to talk to regarding this.
Submitted March 12, 2019 at 05:47AM by throwawayasian2017 https://ift.tt/2HfqkEA
