I am curious about asset allocation within a company’s 401k. I am very new to 401k and investing and when I go to select the asset allocation, it is broken down into 4 categories, income, growth and income, growth and agressive growth and within each of those are specific funds and things to invest. It’s very confusing and not sure what %'s to put in.
I’m not sure the proper asset allocation and what funds etc are the best to even use.
Is that the only option you have available to you? Is it possible to see the underlying funds/fees where your money will be allocated (I’m pretty sure this must be possible… by law and all that).
Here’s a post on how to pick from your 401k options:
Hi Jeremy, hope all is well.
I had a slightly similar question regarding 401k allocation and if it could be set up more effectively ?
I’m 27 and this is how I’m current set up for a traditional 401k through my employer:
Hartford Core Equity FD R5 -20%
Ishares S&P 500 Index FD CL K -40%
Trowe price retirement 2060 -40%
The trowe price expense ratio isn’t awful but I wonder if it’s better to just contribute to the s&p index instead. Or on the other hand contribute 100% to the trowe price target date fund and never look at it again. Please let me know your thoughts when you have a moment!
Thanks,
David