I recently retired and moved my 401K account into a Fidelity IRA rollover account
A little history:
I have been saving 15-20% of my income into a 401K account at a 80/20 allocation for the last 35 years. I believe I'm at FIRE status at the age of 60.
I have decided on a 60/30/10 allocation for now, but I might shift this down to 55/35/10, or even 50/40/10.
My question/comments:
I obviously have many more investment choices now that I'm no longer in a 401K account.
I recently made the following mutual fund choices at Fidelity, but I'm willing to admit that I'm not that knowledgeable about all of these fund types and choices, and I'm not extremely confident in the choices that I've made.
I'm hoping your comments increase my confidence in these choices, or move me in a better direction.
Let me know what you think. Am I on the right track, or are major changes needed. If you are recommending changes, please explain why.
30%: Fidelity Zero Large Cap Index Fund (FNILX)
30%: Fidelity Zero Total Market Index (FZROX)
15%: Fidelity U.S. Bond Index Fund (FZNAX)
15%: Fidelity Total Bond Fund (FTBFX)
10%: Fidelity Government Money Market (SPAXX)
Thanks in advance for any of your comments.
Take care, JP
A little history:
I have been saving 15-20% of my income into a 401K account at a 80/20 allocation for the last 35 years. I believe I'm at FIRE status at the age of 60.
I have decided on a 60/30/10 allocation for now, but I might shift this down to 55/35/10, or even 50/40/10.
My question/comments:
I obviously have many more investment choices now that I'm no longer in a 401K account.
I recently made the following mutual fund choices at Fidelity, but I'm willing to admit that I'm not that knowledgeable about all of these fund types and choices, and I'm not extremely confident in the choices that I've made.
I'm hoping your comments increase my confidence in these choices, or move me in a better direction.
Let me know what you think. Am I on the right track, or are major changes needed. If you are recommending changes, please explain why.
30%: Fidelity Zero Large Cap Index Fund (FNILX)
30%: Fidelity Zero Total Market Index (FZROX)
15%: Fidelity U.S. Bond Index Fund (FZNAX)
15%: Fidelity Total Bond Fund (FTBFX)
10%: Fidelity Government Money Market (SPAXX)
Thanks in advance for any of your comments.
Take care, JP
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