Well, i finally took the time to really try to understand how to invest for my retirement and it was quite an eye opener. I read a few books, including Boglehead's Guide to Investing, to help me with all the concepts and lingo that i didn't understand. I chatted with you all on this forum as well as the Boglehead forum which helped me a lot. So let's see what i have done..since i have gained some new knowledge and hopefully for the better. You tell me.
I got out of the clutches of Ameriprise. Yeah, i was young when i got involved with them and i thought i was doing the right thing, but i was naive. I now realize they are crooks and i supported my financial planner's trips/condo to Florida and his nice home in a upscale town in my state. So my wife and I moved our Ameriprise ROTH IRAs TO VANGUARD.
My wife and I are both teachers and we have about 25 years until each of us can retire, so we moved our 403bs from AXA-Equitable and Metlife to Fidelity. Fidelity was the best company we had in our plan. Metlife and AXA representatives show up at the school and you think they are there to help you and then when you do some research you realize these insurance companies are killing you with fees. So, we just put the paperwork through to transfer and are just waiting.
In term of Fidelity, I had two options that i thought were the best. The Fidelity 4 in 1 fund, which invests in the Spartan funds, or to simply invest in each of those Spartan funds separately. Well, i decided to invest in each of the funds separately because when i did an instant x-ray with Morningstar the four funds individually had a better expense ratio/ fees then the 4 in 1, even though it wasn't by much. So i decided to give my wife and myself the same asset allocation at this time because we are pretty close in age. I'm 36 and she's 33. I feel i'm aggressive when it comes to investing, but i'm still new to this so i could use some input. So tell me what you think of our current allocation at fidelity
Stock: Large Cap Spartan 500 Index (FUSEX) 50%
Stock: Mid-Cap Spartan Extended Market Index Fund (FSEMX) 15%
Stock: International Spartan International Index Fund (FSIIX) 20%
Bonds: Income Fidelity U.S. Bond Index Fund (FBIDX) 15%
Here's what i have at vanguard. it's the target retirement 2040..I feel like i'm missing something
Vanguard Total Stock Market Index Fund 63.1%
Vanguard Total International Stock Index Fund 26.8%
Vanguard Total Bond Market II Index Fund Investor Shares† 10.1%
any thoughts would be appreciated on the asset allocation and any moves i have made so far. thanks
I got out of the clutches of Ameriprise. Yeah, i was young when i got involved with them and i thought i was doing the right thing, but i was naive. I now realize they are crooks and i supported my financial planner's trips/condo to Florida and his nice home in a upscale town in my state. So my wife and I moved our Ameriprise ROTH IRAs TO VANGUARD.
My wife and I are both teachers and we have about 25 years until each of us can retire, so we moved our 403bs from AXA-Equitable and Metlife to Fidelity. Fidelity was the best company we had in our plan. Metlife and AXA representatives show up at the school and you think they are there to help you and then when you do some research you realize these insurance companies are killing you with fees. So, we just put the paperwork through to transfer and are just waiting.
In term of Fidelity, I had two options that i thought were the best. The Fidelity 4 in 1 fund, which invests in the Spartan funds, or to simply invest in each of those Spartan funds separately. Well, i decided to invest in each of the funds separately because when i did an instant x-ray with Morningstar the four funds individually had a better expense ratio/ fees then the 4 in 1, even though it wasn't by much. So i decided to give my wife and myself the same asset allocation at this time because we are pretty close in age. I'm 36 and she's 33. I feel i'm aggressive when it comes to investing, but i'm still new to this so i could use some input. So tell me what you think of our current allocation at fidelity
Stock: Large Cap Spartan 500 Index (FUSEX) 50%
Stock: Mid-Cap Spartan Extended Market Index Fund (FSEMX) 15%
Stock: International Spartan International Index Fund (FSIIX) 20%
Bonds: Income Fidelity U.S. Bond Index Fund (FBIDX) 15%
Here's what i have at vanguard. it's the target retirement 2040..I feel like i'm missing something
Vanguard Total Stock Market Index Fund 63.1%
Vanguard Total International Stock Index Fund 26.8%
Vanguard Total Bond Market II Index Fund Investor Shares† 10.1%
any thoughts would be appreciated on the asset allocation and any moves i have made so far. thanks
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