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$60K IRA investment
Posted on 3/11/15 at 9:26 am
Posted on 3/11/15 at 9:26 am
Moving my wifes old 401k to Vanguard Trad IRA this week since she is no longer working for the company that had the 401k. She is 28 and has no 401k option thru her current job. Since its fairly a large amount, should I drop it on VTSMX since thats what I have my Roth IRA in or should I change it up and go with something else?
ETA: posted a few weeks ago but never asked what I should invest in... sorry
ETA: posted a few weeks ago but never asked what I should invest in... sorry
This post was edited on 3/11/15 at 9:29 am
4
Posted on 3/11/15 at 9:38 am to sonoma8
I was doing the same with less when I changed jobs, you've got some flexibility.
Do some kind of mixed bag between small, med, large cap. Just go to the Vanguard site and check out what they list. With that amount, I'd diversify it a little bit rather than stick it into one fund, but thats just me.
You really can't go wrong with any of the vanguard stuff.
Do some kind of mixed bag between small, med, large cap. Just go to the Vanguard site and check out what they list. With that amount, I'd diversify it a little bit rather than stick it into one fund, but thats just me.
You really can't go wrong with any of the vanguard stuff.
Posted on 3/11/15 at 9:49 am to STLhog
That one fund is a total stock market fund so it's pretty diverse
If you want to sort of set it and forget it, check out the vanguard target retirement funds or even an SP500 fund
If you want to sort of set it and forget it, check out the vanguard target retirement funds or even an SP500 fund
Posted on 3/11/15 at 10:09 am to Croacka
quote:
That one fund is a total stock market fund so it's pretty diverse
It leans towards higher risk though.
He could put some of that 60k into something a bit less risky and more steady..I love that fund but with 60k, I would feel safer with it spread around a little bit between funds with more dedicated focus. Thats just me though.
Posted on 3/11/15 at 10:17 am to STLhog
Researching VTIVX and basically says its fairly safe, but not gonna lie, I dont know what the hell im looking at either
Posted on 3/11/15 at 10:53 am to sonoma8
The target funds basically just adapt as the target date gets closer
They are more aggressive up front when you can afford the risk. Once retirement gets closer, they start to lean safer to protect the gains
They are more aggressive up front when you can afford the risk. Once retirement gets closer, they start to lean safer to protect the gains
Posted on 3/11/15 at 11:01 am to sonoma8
DONT PUT ALL THAT IN ONE FUND
Posted on 3/11/15 at 11:11 am to Fat Bastard
quote:
DONT PUT ALL THAT IN ONE FUND
Ehh, diversification just for the sake of owning multiple funds is dumb.
I chuckle when I look at client's statements from other brokers and they own 5 different equity growth funds because their advisor didn't want them to have all their eggs in one basket, but in reality he was probably trying to avoid breakpoints.
Posted on 3/11/15 at 11:16 am to slackster
quote:
Ehh, diversification just for the sake of owning multiple funds is dumb.
I chuckle when I look at client's statements from other brokers and they own 5 different equity growth funds because their advisor didn't want them to have all their eggs in one basket, but in reality he was probably trying to avoid breakpoints.
5 may be a lot but would you truly advise all 60k in one?
Purely curious...
Posted on 3/11/15 at 11:18 am to slackster
No it's not dumb at all if he wants most money in specific sectors and not spread over everything in one fund just for the sake of diversification.
Posted on 3/11/15 at 11:21 am to Fat Bastard
Mainly looking at her account as a "set it and forget it" type, an endless car note. I dont want to have to look at it everyday and be obsessed with it I guess.
This post was edited on 3/11/15 at 11:22 am
Posted on 3/11/15 at 11:23 am to sonoma8
If you truly want to set it and forget, go with a Target Date or LifeStrategy fund.
Posted on 3/11/15 at 1:13 pm to STLhog
Vanguard is renowned for their low fees. Those fees are low because they offer index funds that are NOT actively managed. A total market index fund is the epitome of set it and forget it. A oil and gas sector fund is the antithesis of set it and forget it.
IMO, with the limited amount of information available in the OP, I'd buy the total market fund and not look back. It is an IRA for a 28 y/o. It isn't exactly the place to start picking and choosing sectors when you've got a 30+ year horizon.
Disclaimer: Don't take advice from me or this board for that matter.
IMO, with the limited amount of information available in the OP, I'd buy the total market fund and not look back. It is an IRA for a 28 y/o. It isn't exactly the place to start picking and choosing sectors when you've got a 30+ year horizon.
Disclaimer: Don't take advice from me or this board for that matter.
Posted on 3/11/15 at 6:49 pm to slackster
Shes only 28 put it all in VTSMX and forget about the money
This post was edited on 3/11/15 at 6:50 pm
Posted on 3/12/15 at 1:35 am to Double Oh
May be a stupid question but I thought the most you can contribute to an IRA is 5500 per year. How would the OP invest 60k initially ?
Posted on 3/12/15 at 6:06 am to ItsThatDude12
You can roll over the lump sum from a 401k.
Posted on 3/12/15 at 6:29 am to ItsThatDude12
quote:
May be a stupid question but I thought the most you can contribute to an IRA is 5500 per year.
Roth IRA is 5500
Posted on 7/20/15 at 10:04 am to Croacka
quote:
vanguard target retirement funds
Finally getting around to doing this today, been busy as hell and forgot about it. So this would be the smarter option. She does not have a 401K w her current company. We will be rolling approx. $58k into an IRA. Now would it be smarter to go Traditional or ROTH since its a larger sum of money
I'm currently invested in VTSMX.
Posted on 7/20/15 at 3:09 pm to sonoma8
you can only put 5,500 into a roth per year. (I am not an expert. I may be off a little) You can roll it all into a traditional
I would also look into the 3 fund portfolio. Simple and deversified. Set it and forget it.
I would also look into the 3 fund portfolio. Simple and deversified. Set it and forget it.
Posted on 7/20/15 at 3:26 pm to sonoma8
$60K balance at 28? Very nice.
Allocate the $60K in 4-5 funds within traditional IRA, including an S&P 500 index fund (heavy), a small cap value fund (semi-heavy), and one international fund (10-15%).
Allocate the $60K in 4-5 funds within traditional IRA, including an S&P 500 index fund (heavy), a small cap value fund (semi-heavy), and one international fund (10-15%).
This post was edited on 7/20/15 at 3:27 pm
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