Closing in on twenty-five years with a large Boston based financial firm. Preparing to retire in five to seven years. My position has morphed into something that I find more difficult to get excited about. I am hoping to retire when I turn 62, am 55 now. Not an early retirement, but want to make sure my position is well thought out. My particulars are: 1.1 million in a 401k, about three-hundred thousand of equity in my home, and one teen planning on going to college. There is about fifty thousand in his college savings. Annual pay is one-hundred and thirty thousand. Bonuses and 401k match adds another fifty to sixty thousand a year. My 401 contribution is seventeen percent, six percent in catch-up and another six percent in a Roth. The largest expense presently is private school for the youngest one. The company offers a myriad of plans to place one’s 401k depending on level of risks and rewards. My 401 is positioned as aggressive: sixty percent domestic stocks, twenty percent bonds, fifteen percent foreign stocks and five percent short term. This is the list.
1. FCNKX 28% STOCK
2. FDGKX 12% STOCK
3. FSLCX 10.5% STOCK
4. FDIKX 8.25% STOCK
5. FXSTX 6.75% BOND
6. FGMNX 6.7% BOND
7. FKMCX 6.4% STOCK
8. FDFKX 6.8% STOCK
9. FLPKX 6.3% STOCK
10. FAGIX 5% BOND
11. FINPX 3.2% BOND
Among the choices I see that may be of more interest to me are a conservative mix, a balanced mix and a short-term mix.
The conservative is 50% bonds, 30% short term, 15% domestic stock and 6% foreign stock.
The balanced is 35% domestic stock, 40% bonds, 10% short term and 15% foreign.
Short term is of course 100% short term.
The last two seem to offer me more of what I want: to preserve what I have. I was also thinking I may not need to have so much coming out for the 401k. Instead, if I am able, to see about increasing what is put into the Roth. I imagine it is not a real difficult stretch to know where I work. If I am able to clarify what I have posted to better define something, please ask. Thanks.
1. FCNKX 28% STOCK
2. FDGKX 12% STOCK
3. FSLCX 10.5% STOCK
4. FDIKX 8.25% STOCK
5. FXSTX 6.75% BOND
6. FGMNX 6.7% BOND
7. FKMCX 6.4% STOCK
8. FDFKX 6.8% STOCK
9. FLPKX 6.3% STOCK
10. FAGIX 5% BOND
11. FINPX 3.2% BOND
Among the choices I see that may be of more interest to me are a conservative mix, a balanced mix and a short-term mix.
The conservative is 50% bonds, 30% short term, 15% domestic stock and 6% foreign stock.
The balanced is 35% domestic stock, 40% bonds, 10% short term and 15% foreign.
Short term is of course 100% short term.
The last two seem to offer me more of what I want: to preserve what I have. I was also thinking I may not need to have so much coming out for the 401k. Instead, if I am able, to see about increasing what is put into the Roth. I imagine it is not a real difficult stretch to know where I work. If I am able to clarify what I have posted to better define something, please ask. Thanks.