Hello. I am 33 years old and I am currently contributing to the Vangaurd Target Retirement 2030 fund SEP IRA account.
I will be 60 years old in 2037. I have about $140,000 in all of my retirement accounts (Employer 401(k), Vanguard) and about $50,000 of this is in the Target 2030 fund. Going forward I will be putting my retirement savings into my 401(k) enough to get the company match and the remaining into my Vanguard SEP IRA.
I initially took the 2030 fund right around the market crash because it looked less risky than the 2035. But I want to reconsider this.
I can afford some risk though and want to be in a good fund for my age. It would not bother me to see it drop 25% in a bad year. In fact if that happens I would leave the account alone and just add as much as possible.
Would I be better served to jump into the Vanguard Target 2035 or 2040 instead?
I am also doing some research on investing reading Bogle's books. I suppose I could customize something but wouldn't that be the same as trying to beat the Target funds? That seems unlikely to me but I could be wrong. Perhaps I should just stick to a Vanguard Target fund for simplicities sake if it's just as good?
Your thoughts are appreciated. Thank you.
I will be 60 years old in 2037. I have about $140,000 in all of my retirement accounts (Employer 401(k), Vanguard) and about $50,000 of this is in the Target 2030 fund. Going forward I will be putting my retirement savings into my 401(k) enough to get the company match and the remaining into my Vanguard SEP IRA.
I initially took the 2030 fund right around the market crash because it looked less risky than the 2035. But I want to reconsider this.
I can afford some risk though and want to be in a good fund for my age. It would not bother me to see it drop 25% in a bad year. In fact if that happens I would leave the account alone and just add as much as possible.
Would I be better served to jump into the Vanguard Target 2035 or 2040 instead?
I am also doing some research on investing reading Bogle's books. I suppose I could customize something but wouldn't that be the same as trying to beat the Target funds? That seems unlikely to me but I could be wrong. Perhaps I should just stick to a Vanguard Target fund for simplicities sake if it's just as good?
Your thoughts are appreciated. Thank you.