My husband's 401k options stink. His company uses Great West Retirement Services. There are very few index funds and everything is high fee. Any input would be welcome.
Investing background:
We have minimal retirement savings at this point, but will be aggressively saving from here on out. This year we will max his 401K, and IRAs for both of us which will be at Vanguard. We have no plans for a taxable account at this time, as we have some low (4-5%) interest student loans that we are paying off.
His company matches 100% of the 1st 7% of his contribution (awesome!) and we plan on maxing out his 401k this year. His income will probably come in around 100,000 this year (he's commission so exact income unknown). So we're looking at this 401k being a sizeable part of our retirement planning at about $25,000/year for the foreseeable future. While the options here are not awesome we do want to max out for tax planing purposes. My job will bring in $45-55,000 this year, so we're solidly in the 25% tax bracket.
401K account currently held in the Great West Lifetime 2055 fund.
Other accounts:
Traditional IRA - $3,200 in VFFVX Vanguard in target retirement 2055
Roth IRA- $19,500 at vanguard in Yale U's Lazy unconventional lazy portfolio - VTSMX 30%, VGSIX (Vanguard Riet index) 20%, VPSIX (inflation protected securities) VUSTX (long term treasury fund), and VGTSX (total international stock index) all at 15%, and VEIEX (emerging markets index) 5%
I'm currently reading JLCollinsnh stock series and will move on from there with my research. Right now I am happy to dump any contributions into the current holdings at vanguard for 2015 contributions as I figure out an investment strategy for us. We are firmly in the buy and hold mind set and will probably be moving toward a 1-4 fund strategy for our holdings at Vanguard. I've not quite convinced myself to just buy VTSMX.... but that will be the core of the portfolio I am building.
So, our holdings at GW will hopefully compliment that...
Options
Lifetime funds- aka target retirement funds:
2015- 0.99/0.97 (gross expense/net expense)
2025- 1.02/1.01
2035- 1.07/1.07
2045- 1.07/1.06
2055- 1.08/1.07
Asset Allocation Funds:
GW conservative profile - 0.9/0.82
GW moderate profile - 0.02-0.96
GW Agressive profile - 1.18/1.18
International funds:
American Funds Europacific Growth- 1.13/1.13
GW international index- 0.7/0.7
MFS international Value- 1.34/1.32
Oppenheimer Globa A- 1.13/1.13
Speciality:
GW Real Estate Index - 0.7/0.7
Small Cap:
GW small cam 600 index - 0.6/0.6
ClearBridge small cal growth - 1.26/1.26
Ridgeworth Small cap Growth - 1.31/1.30
Royce total return - 1.53/1.53
Mid Cap:
Fidelity Advisor Leveraged Co - 1.32/1.32
GW S&P mid call 400 index- 0.6/0.6
GW T Rowe Price Mid cap Gr- 1.01/1.03
Lord Abbett Value Opportunities - 1.17/1.17
Ridge worth Mid cap value equity- 1.40/1.40
Large Cap Funds:
American Funds Growth Fund of Amer- 0.98/0.98
Columbia diversified equity income- 1.08/1.08
Dreyfus Appreciation - 0.93/0.93
GW American Century growth fund- 1.0/1.0
GW S&P 500 index dun - 0.6/0.6
GW T Rowe Price Eq Inc Fund- 0.83/0.83
Invesco Comstock- 1.08/1.07
Marisco Focus- 1.34/1.34
A few Bond funds, and one guaranteed income fund.
Thanks!
**Edited for clarity**