Posted by
Message
tcollinsballins1
LSU Fan
Baton Rouge
Member since Jul 2019
5 posts

Help with Voya 401k
Been working for 2 years now. Opened a 401k right away to the max where my company would match.

Like most 20yr olds I have no idea how the hell I know if my investments I chose are doing well or not. Or honestly what the hell the smartest investment option would be.

These are what I am in

Vanguard® Target Retirement 2055 Fund - Investor Shares
Vanguard® Small-Cap Index Fund - Admiral™ Shares
American Funds® EuroPacific Growth Fund® - Class R-6

If any of y'all old baws can help out or provide some good advice too us young baws we would very much be greatly appreciative.


notsince98
Missouri Fan
KC, MO
Member since Oct 2012
10625 posts
 Online 

re: Help with Voya 401k
If you are looking for just free advice, post the full list of investment options your 401k has.

Are you looking to be aggressive, conservative, mixed, etc.?


Replies (0)
Replies (0)
30
OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
7006 posts

re: Help with Voya 401k
The TR 2055 is an all in one fund. You already have exposure to small cap and international. No reason to be in anything other than TR 2055.


SEC. 593
Missouri Fan
Chicago
Member since Aug 2012
1842 posts

re: Help with Voya 401k
Assuming the OP is actually 20 years old (as in it wasn't just a generic 20), I'd say the 2055 fund isn't as aggressive as you'd want to be at your age. Although, I realize they might not have funds further out yet.

Target funds change from very aggressive to conservative automatically as you get closer to the end date. So you'd want to identify the date/age you would expect to retire, and choose that fund.


Replies (0)
Replies (0)
30
Popths
LSU Fan
Baton Rouge
Member since Aug 2016
1889 posts

re: Help with Voya 401k
To the max where the company would match? Does this mean you only contribute 5% if the company matches 5%?


Popths
LSU Fan
Baton Rouge
Member since Aug 2016
1889 posts

re: Help with Voya 401k
Voya or Vanguard?


yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6953 posts

re: Help with Voya 401k
I'd avoid global stocks just because the expense ratios are usually higher, global markets are shit, and the current administration is more in favor of protectionist policy. Is there a large cap growth fund? Or just an SP 500 fund


Replies (0)
Replies (0)
10
TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6953 posts

re: Help with Voya 401k
He said Voya. They are a 401k plan administrator that have multiple options for mutual funds within the plan


tcollinsballins1
LSU Fan
Baton Rouge
Member since Jul 2019
5 posts

re: Help with Voya 401k
I contribute 6% and my company matches 3%.

I ended up sticking with a Small, Global and staying with my TR 2055 fund.

I ended getting some help from a friend at work. So thank you guys for your input and help.

I am not to hot on global with UK leaving the EU and with Trumps administration making moves on trade deals with Asia. But i know its safe to diversify and I don't even know if that will have a direct effect with the international market. I was thinking of saying screw global and go into a large cap fund with JP Morgan but I was told my Small/Mid fund would eventually turn into a Large Cap. WOULD LOVE SOME INPUT ON THIS TOPIC.

I still do not understand the whole TR fund stuff but I was told by my friend I want to stay in it. I completely agree it doesn't make sense because that fund is already diversified so if you have anymore input I would love the help as well.

I was thinking bonds but I was told at my age (25) I don't want to be in bonds. Don't really understand that either.

But I was showed how I can see how each fund is performing and how I can base my picks upon that.


notsince98
Missouri Fan
KC, MO
Member since Oct 2012
10625 posts
 Online 

re: Help with Voya 401k
quote:

I contribute 6% and my company matches 3%.


While you are young....since you are asking for advice....I would highly advise putting 15% of "your" money (don't count the match) in a tax advantaged retirement account.

My recommendation:
- 6% like you are doing in your 401k to get the free 3%.
- 9% to an IRA (traditional or Roth, whatever works for your situation)
- If you max out the IRA before you get to 9% (15% total salary) then go back to the 401k and increase from 6%.

I really believe for the vast majority of people, if you start putting 15% back from the day you start in the real world, you won't have to deal with upping your contribution percentage as you age. You'll never miss the money and every time you get a raise, you will actually see a raise on your paycheck.

I know it will seem like a lot of money but that is the best advice I can give a young person. I did it and I don't foresee anything happening to make me think it was a bad choice. That was 12 years ago when I started my first job and did 15%.
This post was edited on 8/13 at 9:49 am


Replies (0)
Replies (0)
10
yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6953 posts

re: Help with Voya 401k
Here is the Vanguard 2055 allocation


Cash 2.14%
Stock
US Stock 53.33%
Non US Stock 34.54%
Bond
US Bonds 6.44%
Non US Bonds 3.36%
Other 0.14%
Total Net Assets $9,862,427,956


a small/mid cap fund will always have that objective. Once a company's market cap becomes > than a certain amount the fund managers will remove that position from the portfolio and allocate the funds from liquidation elsewhere. For example Amazon was likely a midcap stock or maybe even small cap at it's IPO. There aren't any midcap mutual funds that have it in their portfolio because that isn't the fund's objective. Their objective is to invest in small to midcap stocks until they grow and then take the profits and find the next thing they think will grow to be big.
This post was edited on 8/13 at 1:09 pm


3D
LSU Fan
NJ
Member since Sep 2013
390 posts

re: Help with Voya 401k
make the target fund 20% and the other two at 40%. (that = 100% contribution). your very young so u really cant do anything wrong.


Janky
LSU Fan
Team Primo
Member since Jun 2011
26597 posts

re: Help with Voya 401k
Global and International are not the same thing. Europacific growth is an international fund which is outside of the US. Global funds will have significant exposure to the US right now. These days the economy is so global that even US companies give you international exposure. Hell, Coke makes more money overseas than here.


Replies (0)
Replies (0)
10
LSUShock
LSU Fan
Kansas
Member since Jun 2014
3501 posts

re: Help with Voya 401k
I’m an outside sales rep, but have an office in our local operations facility. I try to stop in a couple of times a week. The other day one of the older guys was like, “hey, the Q2 match hit this week, right?” He was looking at his mix and asked me what I thought. This was a 45+ year old man who had his allocations in 20% of Target Retirement 2025, 2035, 2045, 2055, & 2065. I asked if he knew what that meant. Unsurprisingly, he didn’t.

I guess what I’m trying to say is at 20 years old with no idea what you’re doing, you’re still a lot better than most people.


Replies (0)
Replies (0)
10
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram