My 35 year old married daughter has asked me for some investment guidance (ok, ok, her judgment may be a bit suspect). At the moment, she's not so interested in early retirement (although she thinks that would be nice), but just some relatively sane investing ideas (That's where I exit and you folks enter).
She has a working husband. They have no debt or children. There is a mortgage, but it's manageable. They don't live below their means, they seem to live at their means (much like I do). My daughter should start bringing in money this year after graduating from college a second time.
Anyhow, here's what she has:
401K: $10,000 in American Funds 2035 (from a former job). I suggested she go to Vanguard and exchange her current mutual fund for Vanguard's 2035 fund (cheaper and better).
Roth IRA: $13,000 now in cash (she did have three ETF's which were not doing all that well. (Hey, look, I thought MOO was my best ever financial suggestion).
So, what do with the cash? I suggested VEIPX (Vanguard Equity Income Fund). But, that's open for discussion (and perhaps a certain amount of taunting. After MOO, I can't seriously be embarrassed anymore). She's not that interested in total stock market funds.
She does plan on fully funding her retirement plan each year and her husband is on board with all of this (and is on board regarding his own retirement plan as well).
The good news is, she will listen.
So, the first step is...?
And, then the second step is...?
She has a working husband. They have no debt or children. There is a mortgage, but it's manageable. They don't live below their means, they seem to live at their means (much like I do). My daughter should start bringing in money this year after graduating from college a second time.
Anyhow, here's what she has:
401K: $10,000 in American Funds 2035 (from a former job). I suggested she go to Vanguard and exchange her current mutual fund for Vanguard's 2035 fund (cheaper and better).
Roth IRA: $13,000 now in cash (she did have three ETF's which were not doing all that well. (Hey, look, I thought MOO was my best ever financial suggestion).
So, what do with the cash? I suggested VEIPX (Vanguard Equity Income Fund). But, that's open for discussion (and perhaps a certain amount of taunting. After MOO, I can't seriously be embarrassed anymore). She's not that interested in total stock market funds.
She does plan on fully funding her retirement plan each year and her husband is on board with all of this (and is on board regarding his own retirement plan as well).
The good news is, she will listen.
So, the first step is...?
And, then the second step is...?