I’m 31 years old and I just opened a 401k through my W2 employer that I plan to max out the contributions every year at $18.5k/year.
I already have a SEP-IRA through Vanguard (advisor managed) that I am maxing out as well each year and it does well.
This 401k is different though because I need to chose the investments (as you all know) and I was hoping to get some advice on what I should go with.
I’ve included the options they’ve provided here:
Get a list that has the expense ratio, and scratch out the ones with exorbitant fees. Then simply do a search for the ticker symbol to see how it has performed in the past ~5 years (not a guarantee it will do the same, but it’s a start). I did my 401k as 30% bond/70% stocks.
Read up a few articles on how aggressive you want your funds to be.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.