Brownslave688
You want a toe? I can get you a toe.
Have you considered hiring a financial advisor?
I really think one would be greatly beneficial to you and set you down the right path.
I need advice on 401K
- Thread starter Damondogg
- Start date
I really think one would be greatly beneficial to you and set you down the right path.
Brownslave688
You want a toe? I can get you a toe.
Bingo. I've seen my uncle lose 20k in 20 minutes or make it
Overpaid Union Thug
Well-Known Member
Actually....we don't need to declare war. If we factor in what they still LEGALLY owe us into the equation then we aren't so bad off. As far as debt the Chinese anyway.I say we declare war on China, then cancel debt, done.
Man Of Brown
Well-Known Member
I got a letter the other dayfrom the Teamsters There is a company called Morningstar and they will manage your account for .02%. Seems like something beneficial to the OP.
Overpaid Union Thug
Well-Known Member
Are you doubling up your allocations? Meaning....are you contributing to the same funds in the Roth as you are in the Traditional 401k? I've read that it's better not to....but I've also heard the opposite and also that it doesn't matter. LOL!
My 401k is all pretax. I have a ROTH IRA that I put an equal amount in.
Wanted some different choices than our 401k plan offers.
Overpaid Union Thug
Well-Known Member
Different choices? Then the answer is no. LOL! I just split mine equally between the UPS 401k and Roth. I had it all going to the Roth. I can't find much information on whether or not they should be allocated the same. I would think that they shouldn't be since they are in different "buckets" but on the other hand I can see why someone would want them the same.
We don't really have a lot of choices in our 492k. That's why I did it that way. Opened a ROTH for me and my wife..
I think you will do quite well with the way you are doing it
Overpaid Union Thug
Well-Known Member
Right now they are both exactly the same. I also dropped the Bright Horizon fund and had been planning on doing that even before I decided to split my savings among the Traditional and Roth. I think I'll probably go outside of UPS for the rest like you have.
Take a look at Vanguard. Lots of funds and very low expenses.
The Driver
I drive.
I plan on
I was just looking at that tonight. Changed from all pre-tax 401k to pre-tax 401k + Roth 401k. Then I guess when it kicks in on Tuesday I can then change my allocations amongst the two vehicles.
40% S&P 500
20% S&P 400
20% International Index
20% Total Bond Fund (or whatever the main bond fund is called)
Those allocations are the same for both pre-tax and Roth. Hope I'm doing this right and really hope I'm not making this too complicated. I'm trying to get to the point where I can leave it alone and look at it just a few times per year.
I was just looking at that tonight. Changed from all pre-tax 401k to pre-tax 401k + Roth 401k. Then I guess when it kicks in on Tuesday I can then change my allocations amongst the two vehicles.
40% S&P 500
20% S&P 400
20% International Index
20% Total Bond Fund (or whatever the main bond fund is called)
Those allocations are the same for both pre-tax and Roth. Hope I'm doing this right and really hope I'm not making this too complicated. I'm trying to get to the point where I can leave it alone and look at it just a few times per year.
Overpaid Union Thug
Well-Known Member
I still tempted to invest in different funds for the Roth because I've heard and been told that it's better to not double up. Meaning....invest in the same funds for both.
The Driver
I drive.
Wonder what their rationales are? They're still rock solid funds with appropriate risk-reward structure, in my opinion.
J
Just to add a little something different to your portfolio.
Ms.PacMan
Well-Known Member
http://www.bogleheads.org/wiki/Three-fund_portfolio
Jack Bogle is probably the biggest proponent of investing in index funds, which is what the S&P funds are. You can learn a lot by reading thru the wiki on the Bogleheads site. They also have a forum for questions and discussions.
Jack Bogle is probably the biggest proponent of investing in index funds, which is what the S&P funds are. You can learn a lot by reading thru the wiki on the Bogleheads site. They also have a forum for questions and discussions.
The Driver
I drive.
I just discovered that site last night. A wealth of information there...
Brownslave688
You want a toe? I can get you a toe.
You can't roll a traditional 401k into a Roth 401k
Damondogg
Well-Known Member
My mistake, sorry.
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