Hello everyone, I just found this place so I could ask my question:
I'm just turned 34 and only have $78K in my 401K. I've recently started contributing the max of $15500/year and my employer puts in about $4000/year. 401kCompany/CharlesSchwab is the company that handles my account.
Over the past few years I've taken some BIG hits due to who knows what... Basically I have zero growth in my 401k other than my contribution and my employers.
I have the option to use a money market fund, and to transfer to/from my regular funds into/out of the money market fund as I see fit. This money market fund basically never gains nor does it lose.
My question is how do we go about juggling between funds and when the crap hits the fan? I'm more than willing to look every day at things and move between funds on my 401k, but I dont know the signs to look for.
Im just not content to have Schwab pick a target model on me based on age, and ride the ups and downs. If its possible to look at things every day and move back/forth between funds I'd like to know how to do it.
IS this the kind of thing a financian advisor/planner can help with? For some reason I think FA's only just help you get set up with IRAs, kids college funds, etc.
Here are my investment choices:
MCM Stable Value Money Market
State Street S&P 500 Index G Large Blend
PIMCO Total Return A Intermediate-Term Bond
PTTAX
Hotchkis and Wiley Large Cap Value I Large Value
HWLIX
American Funds Grth Fund of Amer R3 Large Growth
RGACX
AllianceBernstein Small-Mid Cap Value I Mid-Cap Value
ABSIX
Rainier Small/Mid Cap Equity Mid-Cap Growth
RIMSX
American Funds EuroPacific Gr R3 Foreign Large Blend
RERCX
I'm just turned 34 and only have $78K in my 401K. I've recently started contributing the max of $15500/year and my employer puts in about $4000/year. 401kCompany/CharlesSchwab is the company that handles my account.
Over the past few years I've taken some BIG hits due to who knows what... Basically I have zero growth in my 401k other than my contribution and my employers.
I have the option to use a money market fund, and to transfer to/from my regular funds into/out of the money market fund as I see fit. This money market fund basically never gains nor does it lose.
My question is how do we go about juggling between funds and when the crap hits the fan? I'm more than willing to look every day at things and move between funds on my 401k, but I dont know the signs to look for.
Im just not content to have Schwab pick a target model on me based on age, and ride the ups and downs. If its possible to look at things every day and move back/forth between funds I'd like to know how to do it.
IS this the kind of thing a financian advisor/planner can help with? For some reason I think FA's only just help you get set up with IRAs, kids college funds, etc.
Here are my investment choices:
MCM Stable Value Money Market
State Street S&P 500 Index G Large Blend
PIMCO Total Return A Intermediate-Term Bond
PTTAX
Hotchkis and Wiley Large Cap Value I Large Value
HWLIX
American Funds Grth Fund of Amer R3 Large Growth
RGACX
AllianceBernstein Small-Mid Cap Value I Mid-Cap Value
ABSIX
Rainier Small/Mid Cap Equity Mid-Cap Growth
RIMSX
American Funds EuroPacific Gr R3 Foreign Large Blend
RERCX
Last edited: