delsolkm14
Dryer sheet aficionado
Our company was bought out and we are switching from Hewitt to Paychex for our 401k services.
I have always just parked my money in a Target Retirement 2040 account, and was planning on doing that again. I was browsing this section and thought I would see if there was some advice on if I should do something different or just keep it there. Very minimal investing experience here.
Quick background for those not familiar with my other threads.
I am almost 34, married w/ 3 children (15, 9, 4).
I am currently working overseas in Afghanistan as a civilian contractor making $11kish take home a month. Plan is to be here at least another 12 months, maybe longer if we get into the long term sites that will stay here past 2014.
Current financial situation:
Credit cards: $12,450
Other charge accounts: $4,700
Student loans:$22,400
Car loan: $18,300
Mortgage: $151,800
Savings: $1,000
401k: $7,300
Roth IRA/Spousal Roth IRA: $800
I am paying down debt anywhere from $1000-$2500 every 2 weeks. I plan on having all CC/Charge accounts paid off before October.
With my employer contributions, my 401k contributions adds up to just about $750 every two weeks. I am putting $400 every two weeks into the Roth IRAs through USAA.
Paychex has the following funds available for their 401k.
Should I just keep it in the 2040 account or do something else with it?
Any and all advice is appreciated.
I have always just parked my money in a Target Retirement 2040 account, and was planning on doing that again. I was browsing this section and thought I would see if there was some advice on if I should do something different or just keep it there. Very minimal investing experience here.
Quick background for those not familiar with my other threads.
I am almost 34, married w/ 3 children (15, 9, 4).
I am currently working overseas in Afghanistan as a civilian contractor making $11kish take home a month. Plan is to be here at least another 12 months, maybe longer if we get into the long term sites that will stay here past 2014.
Current financial situation:
Credit cards: $12,450
Other charge accounts: $4,700
Student loans:$22,400
Car loan: $18,300
Mortgage: $151,800
Savings: $1,000
401k: $7,300
Roth IRA/Spousal Roth IRA: $800
I am paying down debt anywhere from $1000-$2500 every 2 weeks. I plan on having all CC/Charge accounts paid off before October.
With my employer contributions, my 401k contributions adds up to just about $750 every two weeks. I am putting $400 every two weeks into the Roth IRAs through USAA.
Paychex has the following funds available for their 401k.
Should I just keep it in the 2040 account or do something else with it?
Any and all advice is appreciated.