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Yesterday, 04:27 PM | #14161 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Great advice going on in here!
Let’s hope we get the market ripping to all time highs again soon! |
Posts: 45,934
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Yesterday, 06:38 PM | #14162 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,399
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Yesterday, 07:01 PM | #14163 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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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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Yesterday, 09:46 PM | #14164 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Quote:
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Posts: 117,704
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Today, 06:42 AM | #14165 | |
You gotta kill a few people
Join Date: Sep 2007
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Quote:
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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Posts: 45,060
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Today, 06:47 AM | #14166 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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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Posts: 45,934
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Today, 06:48 AM | #14167 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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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Posts: 57,399
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Today, 06:53 AM | #14168 | |
You gotta kill a few people
Join Date: Sep 2007
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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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