I’m 22 years old and I work at Amazon (sadly) but want to contribute to the 401k. I have no idea what would be best so I’m asking for advice on what investments I should choose for this 401k.
[Investment Options](https://ibb.co/1QsjhX3)
I’m 22 years old and I work at Amazon (sadly) but want to contribute to the 401k. I have no idea what would be best so I’m asking for advice on what investments I should choose for this 401k.
[Investment Options](https://ibb.co/1QsjhX3)
At 22, with limited knowledge of the investment options, I would go for your target date fund. At your age it will be 95+ percent on stocks which is the aggressive growth profile you want early in your career.
I would max out whatever you need to get their highest match and put all of it into that Vanguard Inst 500 Index fund.
If you have no idea, and you aren’t particularly interested in it, then yeah, target date is good, whatever your retirement date is. It will change your investment ratios over time to become less risky as you get older and closer to retirement, it will shift your money into safer investments to insulate you from market fluctuations.
I’m pretty aggressive. I’d probably pick one of each category in the “Core Investments” — one large cap, one mid-cap, one small-cap and one international fund. I’d also probably split roughly 40/20/20/20 or something like that.
A target date fund is the easy choice, but what I don’t like about target date is how they’ll automatically re-allocate as you get older to put more in bonds. I want to control how much is in bonds myself.
Thanks everyone for your advice!
The 2065 fund is perfect for you. Lowest fees, automatically rebalances your risk tolerance as you age, and if you don’t know a whole lot about investing yet then it’s the perfect place to put it.
Set it and forget it, and you’ll be where I’m at a few years from now.
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