Quote:
Originally Posted by Mike Lowe
Thanks for the feedback, yeah I thought the same thing about over diversification.
Aside from setting things up ourselves, it seems there are Fidelity Freedom Fund options with different target dates.
Are these the sort of simplified ones you talked about?
And yes, the vested info I may have misspoken about:
She is 100% vested after 6 years. Now she is at 0% vested and after 2 years she'll have 20% vested.
I'm not sure when/if the 6% company match increases. I do know that that is the match right now and that they match .50 to the dollar.
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I think the Freedom Funds are the best option if you don't have a ton in the account right now (over 50k). Many funds have minimums of anywhere from $2500 to $10,000 which makes it hard to diversify with smaller amounts.
These are diversified depending on when you want to retire. It's not perfect (the fees are a little high), but the best option from what I've seen when starting out. I'm in the 2045 and she should probably be in that or the 2050 depending on when she wants to retire. The farther away retirement is, the more risk it will take. Usually that means more stocks vs bonds.