I did my roll over in September’ 22 and forgot to select the funds to buy in Fidelity at that time. As of now government money market is giving me yield of 4.18%. I am 31 years old and Target retirement year is 2050 - 2055 (if everything goes as planned in my life) This is my 401k around $80k so I want to choose fund but not sure where should I begin with? Any advise? Thanks YOE : 6 years TC : 202k #finance #retirement
Pick an index fund with low management fees.
It depends on how old you are too. If youre young, high growth index funds like voo or vti. Theres tons of others but these are the most commonly recommended. If you already have ~2 million in the bank and are close to retirement or retired, Id suggest living off dividends with something like JEPI to help pay your normal expenses.
31 and not near to retirement OR that 2 million in bank account. 😝 Total fund value is around $81k
Just do FXAIX, it's a Fidelity fund that tracks the S&P with one of the lowest expense ratios... Set it and forget it
S&P500
You didn’t mention how much or what % of your investment portfolio this represents. I’d suggest index fund that follows S&P.
Updated my post, it’s my retirement fund and it’s like 30% of total investment including stocks I have in market and home value.
Thanks for addt’l info. I’m also with Fidelity, and I think your best bet is FXAIX (S&P Index). Things to keep in mind at 30: 1. Only think in terms of 30+ yr time horizon and don’t get caught up in the hype. Some years lose and some gain. Set it and forget it. 2. Don’t sell. 3. It’s more important to be a good saver than a good investor. Never try to beat the market.