Hello,
My company provides a 401K plan through Merrill Lynch. I contribute 12% to my 401K, which is double the requirement to get the company match. They do .50 on the $1 up to the first 6% of your paycheck. For those wondering, yes, I've also already made the full 2008 contribution to my Roth IRA. I have many options available in the 401K but nothing that looks like the VTSMX that I've seen recommended here a few times. Is it better to put everything into the S&P 500 equivalent and save on the expenses across multiple funds, or keep the many fund selections that I am currently in. I only had a couple funds up until earlier this year, and sometime in the early spring I let the Merrill Lynch automated adviser rebalance me. Is there a Merrill Lynch VTSMX equivalent that I should be asking my company why it's not an available selection? If anyone is curious here are my current holdings. The current allocation percentage of my portfolio and contribution rate into the funds are roughly the same. Thank you in advance for any opinions that you have.
-Raymond
My company provides a 401K plan through Merrill Lynch. I contribute 12% to my 401K, which is double the requirement to get the company match. They do .50 on the $1 up to the first 6% of your paycheck. For those wondering, yes, I've also already made the full 2008 contribution to my Roth IRA. I have many options available in the 401K but nothing that looks like the VTSMX that I've seen recommended here a few times. Is it better to put everything into the S&P 500 equivalent and save on the expenses across multiple funds, or keep the many fund selections that I am currently in. I only had a couple funds up until earlier this year, and sometime in the early spring I let the Merrill Lynch automated adviser rebalance me. Is there a Merrill Lynch VTSMX equivalent that I should be asking my company why it's not an available selection? If anyone is curious here are my current holdings. The current allocation percentage of my portfolio and contribution rate into the funds are roughly the same. Thank you in advance for any opinions that you have.
-Raymond