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UPS Retirement Topics
I need advice on 401K
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<blockquote data-quote="Jones" data-source="post: 1861107" data-attributes="member: 4805"><p>The 401k is easy. Put all your money in the low cost index funds, the S&P500, midcap400, the russell2000, and the Bond index. If you want a little more diversification put some in the REIT index (real estate) and international index. If you want to get super simple split your money just between the S&P500 and Bond index. As a rule of thumb use your age as a guide to how much you should have in the Bond Index, ie, if you're 35 you should have 35% of your portfolio in bonds. </p><p>Stay out of all the managed funds, they have higher fees and lower returns and their only purpose is to line someone else's pockets with your hard earned cash. If someone tells you to put money in any of the Bright Horizon funds what they're really telling you is that they have no clue what they're talking about and shouldn't be trusted with their own money, much less yours.</p><p>Now if you want you can go pay a financial adviser to tell you what I just told you for free.</p></blockquote><p></p>
[QUOTE="Jones, post: 1861107, member: 4805"] The 401k is easy. Put all your money in the low cost index funds, the S&P500, midcap400, the russell2000, and the Bond index. If you want a little more diversification put some in the REIT index (real estate) and international index. If you want to get super simple split your money just between the S&P500 and Bond index. As a rule of thumb use your age as a guide to how much you should have in the Bond Index, ie, if you're 35 you should have 35% of your portfolio in bonds. Stay out of all the managed funds, they have higher fees and lower returns and their only purpose is to line someone else's pockets with your hard earned cash. If someone tells you to put money in any of the Bright Horizon funds what they're really telling you is that they have no clue what they're talking about and shouldn't be trusted with their own money, much less yours. Now if you want you can go pay a financial adviser to tell you what I just told you for free. [/QUOTE]
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I need advice on 401K
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