I recently "hired" a financial advisor and he really likes our Bright Horizon funds. He called them the "401K for Dummies", which he meant in a positive way. Choose the fund which is closest to the year that you will be retiring and your 401k will be on auto-pilot. If you are an aggressive investor you can choose a BH fund with a date earlier than your projected retirement year and conversely you can choose a fund with a later date is you are more conservative.
My performance has been more predictable with far fewer fluctuations since I restructured my 401k to the BH 2020 (I retire in 2019).
By G_d's Grace, that is where some of mine is at.
I recently "hired" a financial advisor and he really likes our Bright Horizon funds. He called them the "401K for Dummies", which he meant in a positive way. Choose the fund which is closest to the year that you will be retiring and your 401k will be on auto-pilot. If you are an aggressive investor you can choose a BH fund with a date earlier than your projected retirement year and conversely you can choose a fund with a later date is you are more conservative.
My performance has been more predictable with far fewer fluctuations since I restructured my 401k to the BH 2020 (I retire in 2019).
I think u got that wrong if your aggressive choose one after your retirement date and conservative before. The way these work is the closer u get to the target date the more money they move into stable low growth investments.
I think u got that wrong if your aggressive choose one after your retirement date and conservative before. The way these work is the closer u get to the target date the more money they move into stable low growth investments.
All of my money is going into the 401(k) Roth. 40% of it I am putting in the REIT index with the rest spread out, if property values don't go up the world is going to end anyways right?
I'm 37, married with 3 kids, anyone have a better suggestions?
Look into a financial advisor like 'Upstate' said , it is what they do. You tell them your goals and they tell you what to do.All of my money is going into the 401(k) Roth. 40% of it I am putting in the REIT index with the rest spread out, if property values don't go up the world is going to end anyways right?
I'm 37, married with 3 kids, anyone have a better suggestions?
Look into a financial advisor like 'Upstate' said , it is what they do. You tell them your goals and they tell you what to do.
We have had ours for a few years now. We meet a couple times a year nowMy advisor works for Edward Jones. He is on my delivery route. We have had three meetings thus far, with a 4th scheduled for September, and I have yet to pay a fee. The only time I will have to pay is if I decide to set up an account with EJ and let my advisor manage those funds, which I will probably do in January 2013.
At age 37 w/3 kids you would be an ideal candidate for a financial advisor.
He has restructured my 401K and pointed out a tax withholding error that I had made which if left uncorrected would have resulted in an unpleasant surprise next year. He is not commission based---he has a fee structure for any transactions within a Edward Jones account. I feel very comfortable with him and know that he has my best interests at heart. I also know that he has to make a living.
I remember questioning your decision on withholding. Glad you got it straightened out before you wrote the big check to Uncle Sam.
Tell me about it---I only had $1K withheld for Federal taxes as of the end of June.