Hello guys and girls,
I am new to the forum but have been browsing the forum for quite some time. I figured it's about time to see what kind of great advice I can get from all of you! Lengthy but please bare with me.
My job offers both traditional 401k and a roth 401k options. They do match match up to 5%, I am contributing 8%. I have been contributing to the traditional 401k pre tax for roughly 4 years. I have been hearing a lot of great things about a roth 401k and I am strongly considering changing up my contributions. My question is this, if you were in my shoes at 24 years old would you change your contributions to a roth 401k or keep it in the traditional? Or contribute to both? I am really green when it comes to this kind of stuff but I really want to take full advantage and get the full potential out of this while I'm young.
On top of all above, here are my options of investments choices that my company has to offer. Which of the options below would you put your contributions in if you were in my position?
Target Date Funds
Bright Horizon Income Fund
Bright Horizon 2010 Fund
Bright Horizon 2015 Fund
Bright Horizon 2020 Fund
Bright Horizon 2025 Fund
Bright Horizon 2030 Fund
Bright Horizon 2035 Fund
Bright Horizon 2040 Fund
Bright Horizon 2045 Fund
Bright Horizon 2050 Fund
Bright Horizon 2055 Fund
Short Term Funds
Government STIF
Short-Term Bond Index Fund
Bonds
Bond Market Index Fund
Multi Assest
Global Diversified Asset Fund
Strategic Real Asset Fund
Stocks
S&P 500 Equity Index Fund
S&P 400 Midcap Index Fund
Russell 2000 Index Fund
Intl Developed Cntry Eqty Index Fd
MSCI Emerging Markets Fund
UPS Stock Fund
I certainly appreciate any and all input and advice. I really do appreciate each and everyone of you taking the time to read and help me better my future. Thank you.
Regards
Corey
I am new to the forum but have been browsing the forum for quite some time. I figured it's about time to see what kind of great advice I can get from all of you! Lengthy but please bare with me.
My job offers both traditional 401k and a roth 401k options. They do match match up to 5%, I am contributing 8%. I have been contributing to the traditional 401k pre tax for roughly 4 years. I have been hearing a lot of great things about a roth 401k and I am strongly considering changing up my contributions. My question is this, if you were in my shoes at 24 years old would you change your contributions to a roth 401k or keep it in the traditional? Or contribute to both? I am really green when it comes to this kind of stuff but I really want to take full advantage and get the full potential out of this while I'm young.
On top of all above, here are my options of investments choices that my company has to offer. Which of the options below would you put your contributions in if you were in my position?
Target Date Funds
Bright Horizon Income Fund
Bright Horizon 2010 Fund
Bright Horizon 2015 Fund
Bright Horizon 2020 Fund
Bright Horizon 2025 Fund
Bright Horizon 2030 Fund
Bright Horizon 2035 Fund
Bright Horizon 2040 Fund
Bright Horizon 2045 Fund
Bright Horizon 2050 Fund
Bright Horizon 2055 Fund
Short Term Funds
Government STIF
Short-Term Bond Index Fund
Bonds
Bond Market Index Fund
Multi Assest
Global Diversified Asset Fund
Strategic Real Asset Fund
Stocks
S&P 500 Equity Index Fund
S&P 400 Midcap Index Fund
Russell 2000 Index Fund
Intl Developed Cntry Eqty Index Fd
MSCI Emerging Markets Fund
UPS Stock Fund
I certainly appreciate any and all input and advice. I really do appreciate each and everyone of you taking the time to read and help me better my future. Thank you.
Regards
Corey
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