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401K, Please Help

October 20th, 2014 at 04:05 pm

Hi all!

In December I will be eligible for my company's 401k. I'm not too aggressive but have no clue on where I should park my funds.

Can someone help me with this?
If so please send me an email at [email protected]

Posted in Goals | 7 Comments »

7 Responses to “401K, Please Help”

  1. Petunia 100 Says:
    October 20th, 2014 at 04:17 pm 1413818225
    1413818225

    What are your choices?

  2. Amber Says:
    October 20th, 2014 at 04:49 pm 1413820192
    1413820192

    Hmm not sure if I'm reading this correctly but there is:
    � cash equivalents
    � bond
    � international/global bonds
    � Hybrid
    � large and mid value equity
    � large mid growth equity
    � large mid blend equities
    � small company equity
    � global equity
    � foreign securities/international equity
    � speciality

  3. Kiki Says:
    October 20th, 2014 at 04:56 pm 1413820604
    1413820604

    You company should be working with a provider institution. Ask if they have any classes that you can take. Many have a website with information and on line courses.

    You should know what you are investing in and understand it - even with help. You can do this-Good luck!

  4. Petunia 100 Says:
    October 20th, 2014 at 05:47 pm 1413823672
    1413823672

    Well, they have all of the categories you need to construct a well-rounded portfolio.

    What are the fund choices in the "hybrid" category? A good all-in-line-fund can be a good choice if you don't want to make decisions about asset allocation on your own.

    Kiki makes a good point. If you want to learn a bit, this is a great place to start:
    Text is http://www.morningstar.com/cover/Classroom.html and Link is
    http://www.morningstar.com/cover/Classroom.html

  5. ceejay74 Says:
    October 20th, 2014 at 06:45 pm 1413827118
    1413827118

    Check how expensive each fund is. You should be able to see total costs, expressed as a percentage or dollar amount. If it's 1% it will eat away 30% of your future growth. 2% will eat 60%, and so on. You should choose the lowest-priced of each kind of holding (international stocks funds will be higher-priced, other things will be lower, but they should give you several of each type).

  6. snafu Says:
    October 20th, 2014 at 09:39 pm 1413837573
    1413837573

    Amber, I too encourage you to learn about retirement investment as it will be a major financial component later in life. 'The Automatic Millionaire' is a quick read available at your library, e-book, or on-line, used bookstore and explain the 'lingo.' Understand that you can make changes in choices as you become more knowledgeable.

  7. Amber Says:
    October 20th, 2014 at 11:27 pm 1413844056
    1413844056

    Aw thank you guys. I normally just pick what I think is best but I want to steer clear of that a make better choices.

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