Just opened a Roth IRA with Vanguard and have some investing questions

LINK

You are on the right track. When your company starts to match your 401k contribution make sure you are putting in at least the % they match.

I would leave the 23K alone. It is not going to make or break you. It can be your emergency fund.

Every time you get a raise, increase your contribution to your 401k by another percent (more if you can afford it) until you max out.

quote:

---

I just became eligible to start contributing to my 401K and it is allocated to the Vanguard Target 2055

---

Your 401K is Vanguard too? You lucky duck. My 401K is a shiny turd from MassMutual with a dozen asset-class specific funds and 2% fees.

The Target Year funds are meant to be a "balanced" portfolio so if you put the whole IRA in VTSMX you're overexposing to domestic stocks (as opposed to international stocks, bonds, etc.) That's probably not the worst thing in the world in the short-term but if you just started your 401K I would keep your IRA in the same fund. That way everything is "balanced" across both accounts. Once your 401K gets up to 3K you can start playing around with more specific allocations. (That's if you want; you could do a lot worse than just stacking a shitpile of money in the Target funds.)

LINK

Thanks, I worked hard and was pretty frugal throughout high school and college to save that.

I too am in a Vanguard Target 401k with company match. Super easy for someone in the earlier years of their career. As someone said above, always contribute at least what your company matches (it's free money) and increase your contribution 1-3% every time you get a raise, depending on the % raise you get.

Sounds like I lucked out