iaconelli12
Confused about dryer sheets
- Joined
- Nov 4, 2010
- Messages
- 6
Hi all, just a few questions..
I have a 401k with Fidelity and 5% company match. I have had it for about 3 years and currently sitting at around $10,500 with a "loan" i took for down payment on a house for $5000 (currently paid back about $1000 of that already) and plan to purchase a house in the spring/summer.
So, My question is as of now it seems my stock asset balance is around 65% Domestic (company stock) 0% International, and 28% Bonds and 7% Short-Term.
I was looking into moving into International with most likely a Fidelity Freedom 2035 plan.
I am hoping I can somehow retire around the age of 55, I know its probably a far stretch but I would like to atleast strive for it.
I was wondering if going into the international market with lets say approx 25% would be a good start?
Also, My first question should really be. how does it all work? Am I supposed to go into the international market and literally leave it there untill I retire or am I supposed to wait for it to go "up" and then "sell it"??
I guess I really dont understand the whole 401k process and would like some guidence and maybe even a good easy read book that you could recommend?
Thank you all in advance for your time and help and sorry if this question is way to noob. Thanks
and if this is not a long shot, what are "average" 401k accounts worth after 25-30years of investing in them? Like mine now is about 3 years old and including my loan It is worth approx $15000. So whats to be expected on an "average" of 25-30 years? Thanks
-Ike
I have a 401k with Fidelity and 5% company match. I have had it for about 3 years and currently sitting at around $10,500 with a "loan" i took for down payment on a house for $5000 (currently paid back about $1000 of that already) and plan to purchase a house in the spring/summer.
So, My question is as of now it seems my stock asset balance is around 65% Domestic (company stock) 0% International, and 28% Bonds and 7% Short-Term.
I was looking into moving into International with most likely a Fidelity Freedom 2035 plan.
I am hoping I can somehow retire around the age of 55, I know its probably a far stretch but I would like to atleast strive for it.
I was wondering if going into the international market with lets say approx 25% would be a good start?
Also, My first question should really be. how does it all work? Am I supposed to go into the international market and literally leave it there untill I retire or am I supposed to wait for it to go "up" and then "sell it"??
I guess I really dont understand the whole 401k process and would like some guidence and maybe even a good easy read book that you could recommend?
Thank you all in advance for your time and help and sorry if this question is way to noob. Thanks
and if this is not a long shot, what are "average" 401k accounts worth after 25-30years of investing in them? Like mine now is about 3 years old and including my loan It is worth approx $15000. So whats to be expected on an "average" of 25-30 years? Thanks
-Ike