SmoothCriminal2018

SmoothCriminal2018 t1_j2e4cfq wrote

These are your current selections, right? If you’re moving to Vanguard your options are going to change. Fidelity won’t offer you Vanguard funds, and may change out some of the other funds too based on what your company pays for

If you don’t want to do a target date fund and are 20 years out, you could consider something like 80% S&P/20% international, or something like 70% large cap/15% mid cap/15% small cap. Maybe throw a bond fund in there for 10-15% if you’re on the conservative sode

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SmoothCriminal2018 t1_j2e1045 wrote

Currently around 3-4%, but obviously what constitutes high changes based on what the Fed funds rate is at the time and in comparison to other banks. Some places are higher but make you jump through hoops to get it (you have to refer people, make a certain number of transactions per month, etc)

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SmoothCriminal2018 t1_j2dxclp wrote

How much are you currently contributing per year? That multiple includes both growth and futures contributions. Let’s say on your current salaries you’re saving 20% pre-tax (so $36k a year) That brings you to $350k before any growth. If we assume a 5% average growth factor over the next 5 years compounding (not guaranteed) along with that $36k/year, you should have $415k. If it grows at 7%, you’d have $445k. As you make more, you’ll also likely be able to set aside a larger percentage of your salary to retirement, so there’s variables involved but yeah $510 isn’t out of the realm of possibility

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