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Originally Posted by meaghanchan
A couple additional questions might help fine-tune these suggestions...
1. What is your risk tolerance (conservative, aggressive, in the middle?)
2. What are the ERs (expense ratios) on these funds?
3. Are you open to investing in other ways (ie a Roth IRA where you can choose your own funds)?
4. Do you want a hands-off approach, or are you open to doing some stuff yourself (such as rebalancing every year)
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To answer your questions:
1. I would have to say I lean more towards mod-aggressive. Also, I plan on never borrowing money from my retirement accounts, so I'm in it for the long haul.
2. Not sure about the ERs. I'll have to look those up. But from what I've read I should try to keep those as low as possible, correct?
3. I currently have a Roth IRA with T. Rowe Price. I chose the target 2045 fund. I try to contribute as much as I can every year.
4. I would rather just set it up once and forget about it, but I won't mind having some maintenance.
Thanks for the replies all.