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08-11-2024, 02:13 PM | #14116 | |
TACO SALAD
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Quote:
2 things with your plan: 1. You're swtiching from a portfolio of All World stocks to only the US stock market. The US stock market has done very well the last 15 years. It's less diversification though so just fyi. 2. If you were 43 this plan would make a lot more sense than 53. As Rainman points out, you start to run into Sequence of Risk Returns where if you're concentranted in any one thing, particularly US stocks, there could be a long downturn right as you need to retire. You didn't really mention when you switch back out of 100% VINIX or what the plan was.. The Target Date fund kind of handles that for you. |
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08-11-2024, 02:28 PM | #14117 |
Starter
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This is all very helpful. Thank you.
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08-11-2024, 02:42 PM | #14118 |
Cheat Death
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08-11-2024, 02:58 PM | #14119 |
Kind of a mod
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I'm not following the point of a target date plan if the allocation can be adjusted. If you're doing that, just buy index funds and decide what you actually want.
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08-11-2024, 03:05 PM | #14120 |
Cheat Death
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08-11-2024, 04:27 PM | #14121 |
Mod Team
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Great advice going on in here!
Let’s hope we get the market ripping to all time highs again soon!
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08-11-2024, 06:38 PM | #14122 |
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08-11-2024, 07:01 PM | #14123 |
Cheat Death
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IDK maybe its plan specific but I've adjusted my 2035 target fund asset mix
From a company 401k standpoint, you pick it when you're in your 20s, so 2035 sounds good even though I'll still be in my 50s because what the **** do I know at 25. So the fund rebalances to market conditions for the target but also allows me to adjust as my life progresses Maybe I'm misreading the original ask but it sounds like 2035 might not be enough so the choices are managing it yourself or working within your fund, if it allows it, to adjust your asset mix |
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08-11-2024, 09:46 PM | #14124 | |
(Sir/Yes Sir/Aye Aye Sir)
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08-12-2024, 06:42 AM | #14125 | |
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He’ll have to get very lucky but I believe he’d need an average of 10% return per year in order to double your investment in 7 years. |
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08-12-2024, 06:47 AM | #14126 | |
Mod Team
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I save planning for 6% return. If we get another lost decade for stocks, 6-8% return is much more likely. If I get 10% return over next 2 decades, I’ll be so set, but I don’t plan on that.
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08-12-2024, 06:48 AM | #14127 | |
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He reasonably has a 30 year time horizon. He's at the age where you typically start ratcheting down risk a bit, but 10+ years out from retirement isn't unreasonable to keep risk in the market. |
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08-12-2024, 06:53 AM | #14128 | |
Grand champ
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Quote:
He also did say that he’s contributing $30k per year to his 401k so I’d imagine that will do a lot of heavy lifting in the effort to double the investment. |
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08-12-2024, 07:47 AM |
Hog's Gone Fishin |
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08-12-2024, 07:50 AM | #14129 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
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Quote:
We all had out formula, mine was to go all out (putting everything I could into the high risk/high-reward retirement options) until ~45, cool it from 45 to 50, even cooler from 50 to 55. It worked very well for me, I was able to retire a couple months after my younger son graduated high school and now I'm traveling the world every other month before I turned 60, and will do it for as long as I can still dive. I've been blessed with good genes, the Mrs. and I stay and live a pretty healthy life, so life is good. But you're right, this advise is for our younger readers. I was blessed to have a pretty financially savvy father and early on after I got out of the military I had a boss who sat me down and talked retirement with me - I was in my mid 20s - and it paid off. Later in my career I did the same for my subordinate staff and encouraged the leadership structure under me to do the same. I'd hold a high level "Think about YOUR financial future", and I encouraged the department heads and supervisors under them to incorporate a "YOUR financial future" segment into annual reviews. Over time they became shorter, but new hires, especially younger hires, need to hear what the employer offers in terms of matching, take advantage of it, and the basics of how retirement works. I'm shocked how many kids fresh out of college have little clue about 401Ks and other investment options. Anyway, I was blessed to make what I made and was able to largely avoid huge damage during times like 2008, so life is good.
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08-12-2024, 07:54 AM | #14130 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
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Quote:
It's just me, I wasn't going to work into my 60s, there's too much life to live, so I planned accordingly and wasn't going to let a squirrelly market change those plans. Again, that's just me.
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. #J24 #Kameltoe Is A Joke Of A VPOTUS and POTUS Candidate #President Trump loves and supports the constitution #McCarthy is a Sellout and Traitor to America #TheFBLieIsCorrupt #DefundTheFBI #The FBI Is Not The Police #PresidentBidenIsMoronic #LizCheneyGotTheBoot #FJB #80,000,000 Mules (and a few Americans too) Voted For COVID To Continue #I still don't have COVID |
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