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Message
Which fund to buy into for my ROTH?
Posted on 9/29/16 at 12:15 am
Posted on 9/29/16 at 12:15 am
Opened a ROTH IRA with Vangaurd back in May. Bought into the Target Date 2055 Retirement fund. Put $4500 in since inception it and as of today there's around $4580. A couple questions...
1. Is this a decent amount to have made in 4 months? It's gone as high as $4650 and as low as $4400. I know I shouldn't check it frequently but it's addicting
.
2. Should I consider a different fund with higher risk? I just turned 26. I have around 15k in my 401k but lowered my contributions to just get the most of my employer match.
I'm attempting to max out the ROTH for the year and I'm not really saving money beyond that for the time being. Bought a house in June so working to pay off all of my student loans before I work towards growing my savings more than what it's at.
Thoughts?
1. Is this a decent amount to have made in 4 months? It's gone as high as $4650 and as low as $4400. I know I shouldn't check it frequently but it's addicting
. 2. Should I consider a different fund with higher risk? I just turned 26. I have around 15k in my 401k but lowered my contributions to just get the most of my employer match.
I'm attempting to max out the ROTH for the year and I'm not really saving money beyond that for the time being. Bought a house in June so working to pay off all of my student loans before I work towards growing my savings more than what it's at.
Thoughts?
3
Posted on 9/29/16 at 9:19 am to dualed
You bought the 2055 retirement fun.
Meaning you don't care what the balance is until 2055.
Stop checking it everyday. Check it ever year.
The 2055 fund should be mostly stocks and will allocate with more stable investments as you reach retirement.
Meaning you don't care what the balance is until 2055.
Stop checking it everyday. Check it ever year.
The 2055 fund should be mostly stocks and will allocate with more stable investments as you reach retirement.
Posted on 9/29/16 at 9:24 am to dualed
What tissle said
Posted on 9/29/16 at 10:53 pm to KillTheGophers
May want to break it down to your own allocation as time moves on if you're willing to put in some research to get the benefits of rebalancing. If you don't want to think about it, the vanguard target retirement fund is not a bad way to go.
Posted on 9/30/16 at 5:16 pm to hombreman9
I have a mixture of a target fund and some sector specific funds in health care and real estate. Most of my money is in the target fund.
This post was edited on 9/30/16 at 5:17 pm
Posted on 9/30/16 at 5:20 pm to dualed
That find is fine. Do it for the net few decades and you'll be set
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