I'm not great or knowledgeable about investing at all reading this board is definitely helping. MY question is this and forgive me if it's dumb. I'm 27 just made a year at my current job. I'm looking to invest in their 401K and start up a Roth IRA. Was thinking Vanguard target for IRA then I saw that was the default for my companies 401K though they offer other plans. Should I use a target for both? Star for IRA and target for 401K or 2 plans from separate companies. Definitely will research this more before i make a decision just looking for a little input and guidance from people who are more knowledgeable.

4 ...

Report Post

Posted by Croacka

Denham Springs

Member since Dec 2008

61441 posts

Posted on 11/14/13 at 3:12 pm to TriadLegend

if you'd prefer to just set it and forget it, the target funds should be ok for you

i have my IRA in a target fund, but my current company's 401k doesnt include the target funds, so i had to choose several other funds

0 ...

Report Post

Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 11/14/13 at 3:13 pm to TriadLegend

Vanguard's target plans include index funds people invest heavily in anyway. If you are ok with the glidepath, they are super simple things to invest in.

1 ...

Report Post

Posted by Volvagia

Fort Worth

Member since Mar 2006

51868 posts

Posted on 11/14/13 at 3:16 pm to TriadLegend

I use the Vanguard target for my 401k, but use my Roth to cherry pick investments.

The nice thing about having your own IRA is the freedom that goes with it.

Don't throw it away doubling down on the same thing as your 401k.

Personally my Roth IRA has VHCOX and VSEQX

This post was edited on 11/14/13 at 3:18 pm

1 ...

Report Post

Posted by TriadLegend

Baton Rouge

Member since Jul 2013

4 posts

Posted on 11/14/13 at 3:18 pm to jimbeam

Yea I'm mostly looking to set it and forget it. I may check on them every couple months to see how its going but that's about it.

0 ...

Report Post

Posted by TriadLegend

Baton Rouge

Member since Jul 2013

4 posts

Posted on 11/14/13 at 3:23 pm to Volvagia

I was skeptical about doubling the down. I'll just have to do some research see what funds I want to include in my IRA. I want something that doesn't require a lot of maintenance if that makes sense. Something I can just put into and feel confident. I'm afraid if I get too involved with switching investments I'll cost myself money in the long run.

0 ...

Report Post

Posted by foshizzle

Washington DC metro

Member since Mar 2008

40599 posts

Posted on 11/14/13 at 6:26 pm to TriadLegend

I pick my own index funds instead of the target funds, mainly because most target funds focus on US stocks and bonds and there's much more out there.

But I put my less volatile holdings in the 401 and the more volatile ones in the Roth due to the fact that Roth gains are tax-free while 401 gains are merely tax-deferred.

Page 1