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Archive for October, 2008

Need Help with Retirement Allocations

October 7th, 2008 at 04:50 pm

About 5 years ago I started my 401k (Fidelity through my employer with company match of .40) I used a chart to select my allocation that is semi-aggressive. I chose this as I was younger than 30 at that time and had some time on my side before retirement. Since then, I have not touched my allocations.

To be honest, I do not fully understand my 401k and plan to change that. I need your input to better my understanding. I cannot help but to think I am not doing the best for myself.

This is what I have in my 401k now (Please note that it is a combo of a traditional 401k and Roth 401k)
Assets: 70% Domestic Equities, 10.5% Foreign Equities, 13.5% Bonds, 5% Short Term, and 1% ‘Others”.
To be more specific: 30% FID Equity income, 23% FID CAP Appreciation, 18% Alger midcap, 16% TRP SM CAP Stock, and 13.5 % VANG TOT BD MKT INST.

Any help is appreciated and I do have other choices available.