Poll

Do you contribute to retirement funds?

No
 Contribute <15% of take home pay
Contribute >15% of take home pay
Max out all retirement funds

Author Topic: Retirement Funds  (Read 7530 times)

Offline avromie7

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Re: Retirement Funds
« Reply #195 on: April 29, 2021, 02:01:29 PM »
Cathie woods is a YOLO style investor, looking at the past year or 2 will not protect you in a sudden market downturn. Not saying itís a good strategy or not Just beware.
I just realized, I didn't really explain my opinion on ARK. The strategy I would use with ARK is to have a relatively small percentage of an account in ARK, something like 15%
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ShimshonK

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Re: Retirement Funds
« Reply #196 on: April 30, 2021, 01:15:35 AM »
Personally I think target funds are a big mistake when you are more than 15 years away from retirement, my opinion is go with index funds that track the overall markets up until you are pretty close to retirement (5-10 years)
Can you really classify a small bond allocation as a "big mistake"?

Online Shmulie

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Re: Retirement Funds
« Reply #197 on: April 30, 2021, 01:27:45 AM »
Can you really classify a small bond allocation as a "big mistake"?
Might be a little too harsh but yes I think it's a mistake to put anything into bonds so far away from retirement
(I consider 10% pretty significant and not so small)

Take a look at the chart below comparing VOO to a Target 2055 and a Target 2050 fund
Missing out on a huge amount of upside





Offline sruly101

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Re: Retirement Funds
« Reply #198 on: April 30, 2021, 03:34:29 PM »
Hi,

So for retirement funds:

FDEWX Or VFFVX

Any difference??

Online Shmulie

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Re: Retirement Funds
« Reply #199 on: April 30, 2021, 05:38:27 PM »
Hi,

So for retirement funds:

FDEWX Or VFFVX

Any difference??

I remember reading that Vanguard has some kind of tax advantage for their mutual funds througha patent but that could be just for their S&p 500 fund I'm not sure

anyone else know anything about it?

Online aygart

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Re: Retirement Funds
« Reply #200 on: April 30, 2021, 05:40:08 PM »
I remember reading that Vanguard has some kind of tax advantage for their mutual funds througha patent but that could be just for their S&p 500 fund I'm not sure

anyone else know anything about it?
Not applicable to a retirement account
Feelings don't care about your facts

Online Shmulie

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Re: Retirement Funds
« Reply #201 on: April 30, 2021, 05:43:57 PM »
Not applicable to a retirement account

True, I missed that part...

Offline ShimshonK

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Re: Retirement Funds
« Reply #202 on: April 30, 2021, 06:21:29 PM »
Hi,

So for retirement funds:

FDEWX Or VFFVX

Any difference??
Looks pretty much the same to me.
I do want to clarify that you are intentionally choosing 2055, correct?
They should have funds for every 5 year period, and if you pick one too early/late, the allocation will shift at a non-ideal time for you (no way to know exactly, but the idea is that the year you choose is about when you plan to retire/use the money).

Online biobook

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Re: Retirement Funds
« Reply #203 on: April 30, 2021, 07:00:49 PM »
Hi,

So for retirement funds:

FDEWX Or VFFVX

Any difference??
Little difference, but I agree with ShimshonK's earlier suggestion that you might want to keep investments in one place, so if you've already got fidelity funds, that would give FDEWX a slight edge - easier to compare your investments, and makes it less likely you'll forget about one of them.  Also, Morningstar has given a high rating to Fidelity Freedom Index funds.
https://www.morningstar.com/articles/1029667/the-best-target-date-funds-for-2021-and-beyond

The rumors I've heard are that Vanguard has lower expense ratios on many products, while the other brokerages have better customer service.  Since you're already a customer at Fidelity, I would suggest taking advantage of that, telling them your situation, and that you're trying to decide which one of their target date funds is a good choice for you.  They also can see your other investments there, and maybe they'd take that into consideration. 

I think customer service people are getting paid salary, not a commission to sell certain products.  I'm sure their advice is at least as good as random people on an online discussion board.  :)

Offline sruly101

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Re: Retirement Funds
« Reply #204 on: May 01, 2021, 10:40:08 PM »
Looks pretty much the same to me.
I do want to clarify that you are intentionally choosing 2055, correct?
They should have funds for every 5 year period, and if you pick one too early/late, the allocation will shift at a non-ideal time for you (no way to know exactly, but the idea is that the year you choose is about when you plan to retire/use the money).
correct, Iím 30 so 2055 is my retirement fund.

I dot have yet any other investment, and have my investment account with fidelity (if it matters)

Offline AsherO

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Re: Retirement Funds
« Reply #205 on: May 02, 2021, 09:06:16 AM »
Hi,

I just started a IRA account and will start a 401K as well, as of now Iím not in the ďinvestingĒ business and Iím not interested in being busy with it.

Where should I invest the money for it to sit till retirement?
Iím not interested in taking big risks, and Iím in my low 30s (if it matters)

Thank Much

Delayed response here, and itís been said already in this thread in other words, but youíre at the age when you can most afford to take big (diversified) risks, because even if you lose in the short term youíll more than make up for those losses on the long term due to the cyclical nature of markets.