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Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
I do not feel like I am maximizing my value on my 401K from work. I am currently debating upping my contribution per check to 10% pre-tax.

About Me:
Age: 24 Years Old
Current Income: 39000/yr
Personal Per Check - 6% Pre-Tax
Company Matched - 4% Pre-Tax
401K's Current Worth - Total: $3,117.10 Vested: $2,330.06 (Will be fully vested in a little under 4 years).

Current Investments in 401K:
code:
 	                Fund Name     Account Balance Current Investment % 		
  	Fixed Income 	 
  	     Stable Value Fund 	                $0.00 	   0.00% 	  	 
  	     Long-Term Bond Fund 	        $0.00 	   0.00% 	  	 
  	Asset Allocation 	 
  	     Target Retirement Fund Income 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2010 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2015 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2020 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2025 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2030 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2035 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2040 	$0.00 	   0.00% 	  	 
  	     Target Retirement Fund 2045 	$465.82    15.00% 	  	 
  	     Target Retirement Fund 2050 	$0.00 	   0.00% 	  	 
  	     Balanced Fund 	                $0.00 	   0.00% 	  	 
  	Stocks 	 
  	     Enhanced Equity Index Fund 	$0.00 	   0.00% 	  	 
  	     Large Cap Core Plus Fund 	        $632.03    20.00% 	  	 
  	     Large Cap Value Fund 	        $286.88    10.00% 	  	 
  	     Large Cap Growth Fund 	        $313.58    10.00% 	  	 
  	     Global Equity Fund 	        $0.00 	   0.00% 	  	 
  	     International Equity Fund 	        $577.74    20.00% 	  	 
  	     Small Cap Core Fund 	        $163.23    5.00% 	  	 
  	     Small Cap Value Fund 	        $180.43    5.00% 	  	 
  	     Small Cap Growth Fund 	        $175.74    5.00% 	  	 
  	     ITT Stock Fund 	                $321.65    10.00% 	  	 
  	Self Directed Brokerage Account 	 
  	     Schwab Personal Choice Retirement Acct. $0.00 0.00% 	  	 
Does anyone see any obvious flaws in my allocation? My target for retirement is 2045 as noted in my allocation above.

Edit: Should I elect to have a professional manage my 401K? "The Personal Asset Manager fee is just 0.6% of your account balance per year."

Regnevelc fucked around with this message at 21:05 on Sep 21, 2008

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Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
I am thinking of pulling out of some stocks in my 401K and investing more in mutuals. What do you all think about this? Right now I am about 80% in stocks and 20% in mutuals. I was thinking of moving to a 60/40 split due to the current market.

Edit: I just bumped my contributions to PreTax 8% from PreTax 6%.

Regnevelc fucked around with this message at 01:10 on Sep 30, 2008

Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
I did think about that and didn't make the change.

Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
I reallocated my portfolio based on some reading I did online at some websites. I invested more in the Global and International Funds and put money into the small companies. I have until tomorrow at 11:00PM to delete this reallocation and do something else. I had one guy comment that I should just shove all of my money into the 2050 (2045 in my case) fund and let it go. What do people think.

code:
   	   	Asset Allocation  	                        OLD     NEW
	    Target Retirement Fund Income 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2010 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2015 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2020 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2025 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2030 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2035 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2040 	100.00% 	0.00% 	0% 	 
	    Target Retirement Fund 2045 	100.00% 	15.00% 	10% 	 
	    Target Retirement Fund 2050 	100.00% 	0.00% 	0% 	 
	    Balanced Fund 	                100.00% 	0.00% 	0% 	 
  	Stocks 	                                        OLD     NEW
	    Enhanced Equity Index Fund 	100.00% 	0.00% 	0% 	 
	    Large Cap Core Plus Fund 	100.00% 	25.00% 	10% 	 
	    Large Cap Value Fund 	100.00% 	10.00% 	5% 	 
	    Large Cap Growth Fund 	100.00% 	15.00% 	5% 	 
	    Global Equity Fund 	        100.00% 	0.00% 	20% 	 
	    International Equity Fund 	100.00% 	10.00% 	25% 	 
	    Small Cap Core Fund 	100.00% 	5.00% 	5% 	 
	    Small Cap Value Fund 	100.00% 	5.00% 	5% 	 
	    Small Cap Growth Fund 	100.00% 	5.00% 	5% 	 
	    ITT Stock Fund 	         20.00% 	10.00% 	10% 	 
  	Total 	  	                                        100%

Regnevelc fucked around with this message at 02:40 on Oct 2, 2008

Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!

CellBlock posted:

If you're looking for something where you can just "set it and forget it," just use one of the Target Funds. There's no point at all in putting only a portion of the money in there, since it's just a collection of their other funds anyway.

If you want to actively manage it, though, go ahead and spread it around.

I will actively manage it. I will remove money from that fund and spread it to other things. I am thinking small business, as when this bill gets signed, I think they will be the first to go back up.

Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
Edit: Scratch this.

Regnevelc fucked around with this message at 01:21 on Apr 21, 2009

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Regnevelc
Jan 12, 2003

I'M A GROWN ASS MAN!
Well, I heard this second hand from my bosses financial adviser. He could in fact be a loving retard (and it sounds like it).

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