What a great site this is - a great group of people with lots of info. and experience. What I've learned is that I need to read and self educate on all this investment stuff. Meanwhile I would appreciate any advice, just to make sure we're not doing anything foolish.
I'm 33 yr and SO is 35yr, we have 2 kids , 4yrs and 6yrs old. Paid for the Pre-paid college when they were born.
Right now we have both IRA's in CD's- Roth has 12k and trad has 18k. They have only made just over 4 %. They mature in March when we will be adding 8k to the Roth (playing catch up from last year) and 4K to the Trad. We were thinking of putting them in 2035 fund. Is this smart or should we put them in bond b/c so all of our 401k is in stock funds, or leave them in CD's, but ones with better %?
The 401K is at 129k: 54% 2040 fund
13% company stock
13% company stock portfolio (starting this year we can take out 33% from the company stock and put it where we like)
10% 2015 Fund
5% fidelity magellan
5% 2025 Fund
On our statement it says the Fidelity Magellan is frozen.
After reading and liking the couch Potato Portfolio we were thinking putting half in a the 2040 fund and half in bonds except we only get a choice of 3 bonds - a real estate, a global company and a conserv fixed inc bond. Should we pick the global?
Any input would be helpful. I know a lot of people put up their info and I'm sure it gets boring reading these sorts of posts. So Thanks in advance!! Ironman
I'm 33 yr and SO is 35yr, we have 2 kids , 4yrs and 6yrs old. Paid for the Pre-paid college when they were born.
Right now we have both IRA's in CD's- Roth has 12k and trad has 18k. They have only made just over 4 %. They mature in March when we will be adding 8k to the Roth (playing catch up from last year) and 4K to the Trad. We were thinking of putting them in 2035 fund. Is this smart or should we put them in bond b/c so all of our 401k is in stock funds, or leave them in CD's, but ones with better %?
The 401K is at 129k: 54% 2040 fund
13% company stock
13% company stock portfolio (starting this year we can take out 33% from the company stock and put it where we like)
10% 2015 Fund
5% fidelity magellan
5% 2025 Fund
On our statement it says the Fidelity Magellan is frozen.
After reading and liking the couch Potato Portfolio we were thinking putting half in a the 2040 fund and half in bonds except we only get a choice of 3 bonds - a real estate, a global company and a conserv fixed inc bond. Should we pick the global?
Any input would be helpful. I know a lot of people put up their info and I'm sure it gets boring reading these sorts of posts. So Thanks in advance!! Ironman