Thoughts on Lifepath Index 2060 fund?
It's my only investment in bloomberg 401k plan. The current balance is around 50k ish because I'm new to industry. Thoughts? TC: 220k 2yoe
Apple gSvf83 Oct 15, 2023
That’s what I use for traditional 401k to keep it simple. I allocate my own contributions in a Roth IRA and HSA.
It's good as an autopilot fund if you are aiming retirement around 2060. Lifepath funds work by allocating your money aggressively initially to maximize growth and slowly moving funds to safer assets as the target year comes closer to preserve money.