I never have 401k before so here is my question: should I start putting my 401k to Vanguard Target Date Fund now or wait until this pandemic passes? what is the pros/cons of putting it now or later? Thank you for any input.
Absolutely.. this is the best time. Infact, any time is a good time to start 401k especially if you have a 401k. Also, try to max out this year. You will thank me 20 years down the line..
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Put it in now, keep contributing and don’t maniacally check your account. While no one can successfully time the market, this is likely a trough so a solid time to add equities. Time in the market > Timing the market