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Old 08-07-2018 | 07:27 PM
  #18  
Barley
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Joined: Dec 2013
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Just my two cents...

Consider investing in a spread of low expense total market index funds that match your risk level (time to retirement). If you'd like a good idea of a portfolio go to Vanguard's website and look up the target date retirement fund that matches your retirement timeframe. The funds within each are all total market indexes and you can simply mimic it in your 401k. Rebalance once a year and you're good to go.

My only other bit of advice is to just simply stay away from wealth management and financial advisor services. Nearly all of them are simply a ripoff and none of them are in it for your benefit. They aren't fiduciaries. They can't predict the market. They aren't going to beat a decent passively managed low cost index fund portfolio. They simply put you in multiple actively managed high load funds that yield them commissions, charge you a minimum of 1% off your earnings, and add additional fees. If you want a completely hands-off approach then it's an option, but you'll pay dearly for it.

Some good places to get started for information:

https://www.reddit.com/r/personalfin...ement_accounts

http://www.bogleheads.org

http://mymoneyblog.com

Last edited by Barley; 08-07-2018 at 07:43 PM.
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