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Alan · 10-17-2007, 10:06 PM

My 401(k) probably only has about 10 - 15 funds but they are pretty good choices including target retirement funds from Schwab. I actually only utilize about 4 to keep it simple as they have broad based index funds available that I use as part of my overall AA. eg I use Schwab total bond index.

I would be more concerned about the funds themselves rather than the quantity Son has just become eligible for 401(k) participation in his first job since graduating. He asked my advice on an AA which I did for him. His choices were pretty good from being able to get a broad diversification but they were mostly funds with high costs, so I told him to put in as much as he needs for a company match for now. Any extra he wants to save he can use his VG Roth IRA we opened for him on his 18th birthday until we see how his 401(k) funds work out.

10-17-2007, 10:06 PM	#8
Alan Thinks s/he gets paid by the post Join Date: Jul 2005 Location: Baton Rouge Posts: 2,073	My 401(k) probably only has about 10 - 15 funds but they are pretty good choices including target retirement funds from Schwab. I actually only utilize about 4 to keep it simple as they have broad based index funds available that I use as part of my overall AA. eg I use Schwab total bond index. I would be more concerned about the funds themselves rather than the quantity Son has just become eligible for 401(k) participation in his first job since graduating. He asked my advice on an AA which I did for him. His choices were pretty good from being able to get a broad diversification but they were mostly funds with high costs, so I told him to put in as much as he needs for a company match for now. Any extra he wants to save he can use his VG Roth IRA we opened for him on his 18th birthday until we see how his 401(k) funds work out. __________________ Age and treachery will usually overcome youth and ability Countown clock is at 9 weeks to be SIRE'd