|
I currently have a Vanguard Roth IRA, and for the past 2 years have contributed the max to the Vanguard Target Year 2045 fund. I've noticed people here suggesting other funds to invest in at Vanguard. How does one go about investing into these other funds? When I first created the IRA account, I could select different funds and I chose the Target Year one, is it too late to add in, say, the VTWSX one, in addition to the Target Year one, or is that a different type of investment account? Thanks!
|
#
¿
Sep 25, 2008 04:19
|
|
|
|
| # ¿ May 4, 2024 14:15 |
|
|
80k posted:They are all just different mutual funds. You can exchange out of your Target fund and into any other mutual fund (that you meet the minimums for), all within your IRA. You are free to do this at any time, though some funds will charge a fee if you haven't held your shares long enough (say 2 months or 1 year or something). The Target funds do not charge such a fee, IIRC. Ah, thanks, I think I get it. There would be no point in a Target fund and different funds because the Target fund is a mixture already. For someone who's clueless about bonds/funds/etc. is it better to just leave it in the Target fund or is it better to separate it into different funds? Also, I can take out the principle I invested into a Roth IRA, correct? If the value of the Target fund is currently less than what I invested, does that mean I can just take the whole amount out? Do I lose out on the rest of my money? I don't plan to do this, I was just curious on how that worked. Thanks again!
|
|
#
¿
Sep 27, 2008 05:34
|
|