Not to hijack the thread but ...
I just got my first retirement account through my employer. I don't follow the market much.

I'm assuming safest bet is to chose a Target-date fund? I'm 25, and chose the furthest date (I think 2055).

Putting in 10% of a little over $100k. Get a year-end employer contribution of 3% salary.

Any general tips are welcome.

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Posted by TigerintheNO

New Orleans

Member since Jan 2004

41237 posts

Posted on 6/27/17 at 7:13 pm to Dayman

quote:
I just got my first retirement account through my employer. I don't follow the market much.

I'm assuming safest bet is to chose a Target-date fund? I'm 25, and chose the furthest date (I think 2055).

Putting in 10% of a little over $100k. Get a year-end employer contribution of 3% salary.

Any general tips are welcome.

Target funds are good for those that passive investors, you don't have to anything. But index funds (ex. S&P 500 index) usually have less fees.

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Posted by notsince98

KC, MO

Member since Oct 2012

18073 posts

Posted on 6/28/17 at 8:35 am to Dayman

quote:
Putting in 10% of a little over $100k. Get a year-end employer contribution of 3% salary.

Any general tips are welcome.

IMO, you should put at least 15% of your own money into retirement from the day you get your first job. If you do this you'll never have to adjust your investing percentage. Whether you put that 15% of your money (not employer match) into your 401k, Roth 401k and/or personal Roth IRA is up to you.

I'd personally put 7% in your 401k and 8% in your work Roth IRA if you have that option. If not, use a personal roth IRA.

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