Any advice for 401k?

Adower · Jul 18, 2018

Stopsign32v said:
I'll be honest, I've never been much in place of saving in my life before. This hobby was a huge reason for it in the past to be honest. Anyways I'm now I guess planted in my career and plan on staying at my company for a good while. With that being said my company pretax takes out 4% and also matches the 4%. That comes out to about $400 a month going into my 401k. Problem is I do not know anything about 401k or what to invest in. I've talked to a couple of very successful managers here and they all told me the same thing, since I'm in my 30's I should be aggressive. Below is the investments I can choose from within my company and we use Vanguard. One of the CEO's told me to focus on technology and petrols.

What advice do you guys have for me? I'm starting from scratch here in both knowledge and money.

View attachment 1502268

Check the expense ratio on Vanguard index 500. 100% total is what I would do if it’s .04-.08%. Im guess that fund is a collection of the s&p 500.

Personally I would wait until you can fully fund your 401k at 18,500 yearly before dumping money in a IRA.

Stopsign32v · Jul 18, 2018

So I put 50% in Vanguard 500 Index and the other 50% in Vanguard Growth Index. I searched the best going Vanguard investments currently and those are in the top 5. So I figured that would be a good start until I get to know more.

Any advice for 401k?

Adower

Well-Known Member

Stopsign32v

Well-Known Member

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