Please help me choose my 401k allocations

[billchrz]

I am 31, married, no kids, total household income is 95k. I have just finished paying off all credit card debt, and am working off the car loan now. After the car loan we will have 0 debt outside of our mortgage.

Because of mistakes made in the past and the recent corrections (ie credit card debt) we have only about 5k in our savings account and no other retirement savings yet. Once the car loan is payed off I will be agressively funding the EF and starting the Roths.

Please help me choose where to put my 401k money (18k currently)

Here is what I have available:

Large Company
American Funds Grth Fund of Amer R4
DWS Dreman High Return Equity S
Schwab S&P 500 Index Sel 0
Thornburg Value I

Small/Mid Co.
Baron Small Cap
Goldman Sachs Mid Cap Value A
Rainier Small/Mid Cap Equity
Royce Opportunity Inv

Intl/Global
American Funds EuroPacific Gr

Bonds
Franklin U.S. Government Secs
Wells Fargo Advantage Tot Return Bo

Balanced
Schwab Mng Ret. Trust 2010 Cl II
Schwab Mng Ret. Trust 2020 Cl II
Schwab Mng Ret. Trust 2030 Cl II
Schwab Mng Ret. Trust 2040 Cl II
Schwab Mng Ret. Trust 2050 Cl II
Schwab Mng Ret. Trust Income Cl II

Capital Preservation
Schwab Value Advantage Money

Thanks!

[noppenbd]

Go for the Schwab Managed Retirement Trust 2040. Here is the breakdown of what it holds:

Charles Schwab Trust Company: Collective Trust Funds

Looks pretty good for your age. You could go 2050 if you want to be a bit more aggressive.

[dardhel]

I would go with the target date fund aswell. Which year you pick would depend upon how aggressive you want to be. I would chose 2040 or 2050.

[HNorton]

I always go with the Target date funds for the majority of my 401K(80%) and then "play" with the rest. Maybe experiment in small parts in something that you may be interested in like gold or specialty funds. Who says investing cant be fun!

[maat55]

I like both of the American Funds.