Which should I choose and what percentage? I’m 28 years old and have $200k already invested in other retirement accounts. My employer’s target date funds have 1.25% ER so not interested in that route…
Large Cap
SLVAX ER .8
VADRX .77
Mid Cap
PMFMX .73
Small Cap
PSAPX 1.04
International
RERCX 1.11
ODVIX .81
Thank you for the question @Nicole_Levens!
Unfortunately, it looks like the funds in your 401(k) plan have high expense ratios and are primarily active. Generally, when someone doesn’t want to use the Target Date Fund (TDF) that is offered, they can build a 2 or 3 fund portfolio. In this case, if you did that, it would be less expensive than the TDF, but still on the higher side.
Does your employer offer a match? If so, then I think it’s important to take full advantage of this since it’s free money! If not, it’s up to you, but you can choose to contribute to an IRA / Roth IRA instead potentially!
I hope this helps. Let us know if there are any other questions!