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For those that pay into a 401k at your work..
Posted on 2/25/24 at 7:14 pm
Posted on 2/25/24 at 7:14 pm
Do yall spend a few more dollars and have that investment company handle your account or do u pick the stocks,mutual funds, ect yall selves?i have corebridge and they suck..initially they said its only $300 to have the people over in Texas manage your account…i did a little digging and found out its like $2500 i paid in 1 year.
17
Posted on 2/25/24 at 7:33 pm to DeepShot
I do everything myself but that doesn’t mean it’s right for you.
Posted on 2/25/24 at 7:33 pm to DeepShot
Ours is through Vanguard, mine is invested based on my retirement age. I don’t find the fees terrible but I can’t honestly tell you what they are.
Posted on 2/25/24 at 7:39 pm to DeepShot
$2500 is steep for a fee. Not sure what your ROI is or the amount you have invested. If I were you, I’d get a good book or two on retirement finances. Bottom line is you need to know more of where your money is going.
Posted on 2/25/24 at 8:12 pm to DeepShot
My 401k offers very few funds, but they are lower fees than anything I have access to outside of that plan. I don’t pay any extra for management within that program.
Posted on 2/25/24 at 8:18 pm to DeepShot
quote:
i did a little digging and found out its like $2500 i paid in 1 year.
401k investments are capped at $23k for most, so they are trimming over 10% from you every year. That’s a heck of a lot more than a few dollars. There is no way they are beating the general market by 10% if they are working at a brokerage handling 401k advisement (even the best hedge funds are not going to keep up that pace year after year). I’d put it in a broad based market fund until I had time to find out if I wanted something more specific.
Posted on 2/25/24 at 10:20 pm to DeepShot
A friend of mine's dad is a very successful financial advisor, and I called him up when I started at my company. His advice has provided a 16% return since my inception so far... He put me on 3 very aggressive mutual funds.
This post was edited on 2/25/24 at 10:58 pm
Posted on 2/26/24 at 6:28 am to DeepShot
Most companies I’ve seen give you a choice of funds. Do some research on different allocations and fit that within what they offer.
Posted on 2/26/24 at 10:34 am to DeepShot
My company 401k is with Fidelity.
I personally use the S&P 500 Index for my 401k
I do it all myself.
2 basis points
Every few years I send everything(401ks, IRAs, 529s, Insurance, etc.) to a financial advisor and pay a flat fee for him to evaluate the whole portfolio. Usually cost me $1,000 every 5 years.
I personally use the S&P 500 Index for my 401k
I do it all myself.
2 basis points
Every few years I send everything(401ks, IRAs, 529s, Insurance, etc.) to a financial advisor and pay a flat fee for him to evaluate the whole portfolio. Usually cost me $1,000 every 5 years.
Posted on 2/26/24 at 7:59 pm to DeepShot
I manage my own 401k.
I would've made a lot more money letting someone else manage it (even with the fees)
I would've made a lot more money letting someone else manage it (even with the fees)
Posted on 2/27/24 at 10:31 am to DeepShot
I put 100% of mine into the sp500 option. There is no reason to pay someone. They won't beat 12% consistently
Posted on 2/27/24 at 3:23 pm to DeepShot
Mine is easy. 80% in s&p 500 and 20% in total international market index fund. I'm all about the cheap fees
Posted on 2/27/24 at 3:29 pm to DeepShot
TSP C/S fund and let it ride until I am closer to retirement age.
Posted on 2/28/24 at 5:35 am to DeepShot
I have a 403b, and I elected to utilize the Personal Choice option(via Schwab) where I direct my investment $ into the funds of my choosing.
This post was edited on 2/28/24 at 5:36 am
Posted on 2/28/24 at 7:49 am to DeepShot
I let the investment company handle the account. I have realized I dont have the time or expertise to manage it correctly.
I figure whatever they do is better than dumping it in a target date fund.
In the Vanguard managed account, which started 0 in Feb 2023 with new employer, over the past year I'm tracking at 11% return to date.
No idea if that is good.
I figure whatever they do is better than dumping it in a target date fund.
In the Vanguard managed account, which started 0 in Feb 2023 with new employer, over the past year I'm tracking at 11% return to date.
No idea if that is good.
This post was edited on 2/28/24 at 7:55 am
Posted on 2/28/24 at 9:07 am to DeepShot
Self. I went Index Fund with low expenses and good returns.
VTSAX
VITAX
VFIAX
I should probably consolidate VTSAX and VFIAX into one since they are similar holdings.
VTSAX
VITAX
VFIAX
I should probably consolidate VTSAX and VFIAX into one since they are similar holdings.
Posted on 3/4/24 at 9:19 pm to DeepShot
Our 401k is with fidelity- our fees are pretty low
Posted on 3/5/24 at 11:28 am to DeepShot
quote:
$2500 i paid in 1 year.
That probably includes fund expenses, something you would be paying anway.
If you have less than $200k in the account it may be too much. If you have significantly more, it's not bad
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