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Old 04-07-2008, 10:41 AM
savemachine savemachine is offline
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Default Vanguard target retirement fund 2045 advice

Hi all, I'm back once again looking for advice. I'm 27 years old with 22K in 401K, ~10K in ROTH IRA, and ~10K in saving account.

I'm thinking of purchasing said mutual fund soon in which I will take out 5K from my 10K savings to buy it. I guess my question is a very arbitrary one. I'm obviously looking to be agressive and I don't really like to manage anything (I lack the knowledge actually). This fund is spoken very highly of by members on this forum, and currently it is the fund that I am looking at. I do want it to be my retirement fund (the goal), so my question is along the line of how much money should I be putting into this fund?

I know the question is very subjective, but I am planning to pour a lot of money into this fund maybe at 10K-15K a year (I make about 70K) and I'm not sure if this is the right direction to take?

Thanks for your advice.
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