UpstateNYUPSer(Ret)
Well-Known Member
You don't have to do a thing with it until you turn 70 1/2.
Teamsters/UPS 401k
- Thread starter Sammyskipjack
- Start date
You don't have to do a thing with it until you turn 70 1/2.
UpstateNYUPSer(Ret)
Well-Known Member
Good choice, if I had to choose just one fund to put all my money in that would be the one. Stay out of the actively managed funds (Bright Horizon) the fees are higher and the returns are lower, their primary purpose is to line someone else's pockets with your hard earned money.
UpstateNYUPSer(Ret)
Well-Known Member
I like the BH funds as they are "set it and forget it".
Up 22% YTD.
Up 22% YTD.
Rack em
Made the Podium
How are BH funds in the long run though? I wanted to choose the most reliable set up for the next 30 years and was told the S&P500 was the safest bet.
It is more expensive that way but if you don't want to be bothered looking after your own money, that's the way to go.
They have a tool to compare performance right there on the website, check it out. I'll save you the work and just tell you S&P500 fund beats every single BH fund in the 1 yr, 3 yr, and 5 yr returns by large margins. In addition the fees are significantly lower ( .01% vs .09%). It's your money.
Come on now, we both know that if you don't look after your own money no one else will.
oldngray
nowhere special
Money managers HATE index funds like S&P because they don't make any money off them.
But as you said, its your money.
ManInBrown
Well-Known Member
I have almost everything in the S&P 400 and 500. I researched all the funds and over the last 5-10 and those two have yielded the highest returns. But it's on the riskier side. I have about 80% in those 2 and the rest in BrightHorizon 2040.
Wally
BrownCafe Innovator & King of Puns
You look so young.
oldngray
nowhere special
The 500 is all large caps so I have about 20% in small cap funds. Higher risk/reward potential. I wouldn't want the majority in small cap funds but they are good to balance your portfolio.
I just can't believe they so many people have no clue at all or are too lazy to learn anything about it.
Think about this. Over your career you probably put more money into your 401k then what you pay for your house.
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And don't forget about the international.
oldngray
nowhere special
I stay away from internationals. Don't trust most of them. Plenty of good domestic options. Of course most index funds will still have some money in internationals but I try to keep it minimal.
It's a global economy now. And it can be a nice balance to your portfolio.
I have about 20% in international.
I keep some in the international index for the same reasons, but oldngray is basically right in saying that you really don't need to. You can make out just fine staying domestic.
They do seem to go up and down almost at the same time any more.
On the other hand their maybe some better long term investments overseas.
The PE on the S&P 500 is pretty high right now compared to the rest of the world.
Number-Nine
Well-Known Member
I'm on my 15th day trying to make book so I might be getting ahead of myself but what advice/ suggestions would you guys give me about the 401k? I know very little on the matter.
Invest as soon as you can and as much as you can .
They have some good online tools that might be helpful to you.
