I work at Amazon. I’ve been investing my 401k to Vanguard Target 2055. Now, I’m thinking to switch it to VANG INST 500 IDX TR which I believe tracks s&p 500.
Do people usually change it for future investments only or also exchange the existing funds too? If it is the latter, what’s the tax implication?
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Totally a personal choice if you want to allocate new $$ to S&P500 fund you mentioned or rebalance out from the existing retirement fund. Do research about the retirement fund you currently hold and see it’s constituents, it will made of up of handful of other funds.
I took control of my 401k, and took money out of funds to invest in individual stocks myself. That gave me much better results last year (469.20%).
It really depends on your 401k plan, some plans allow you to manage it completely (e.g. pick individual stocks and such). You will have to ask your 401k plan administrator if they provide such an option. Alternately you can ask the brokerage firm that is managing your 401k. They would also know if your plan is setup in that way.