Greetings. My employer offers a Fidelity 401K. I want an easy set-it-and-forget-it plan and was wondering your thoughts on choosing a target-year-based asset allocation (eg Freedom premixed plans) that Fidelity offers?
Also, given I'd like to retire in 12-13 yrs, should I up the bonds to 10% like Pete currently has w/ his Betterment? If so, does that mean I'll need to deconstruct the said plan and input my own #s for each investment but increasing % of bonds proportionally? All the other target funds with higher bond/stock ratio have a 25% bond/75% stock ratio (too much bond for right now, correct?).
I've pasted the allocation for Freedom 2040 plan I'm enrolled in ($10K in it, new job, will max it to $18K in one more month).
Other holdings: Betterment ($85), vanguard ROTH ($94.7K), Wealthfront brokerage ($43K), Lending Tree ($2.6K) --
My profile:
age 39, unmarried (for now)
will arrive to 4% x annual projected expenses in ~10-12 yrs if I continue with current saving/income situation (though I do wonder how much people budget for health expenses pre-medical/medicare!)
expected living expenses per month:$2K
Total savings: $305K
Thank you so much for any guidance!
Asset Allocations
AS OF 6/30/2016
Domestic Equity Funds 64.46%
Equity Funds 63.01%
Fidelity Series Equity-Income Fund 9.64%
Fidelity Series Growth Company Fund 8.38%
Fidelity Series Growth & Income Fund 7.17%
Fidelity Series All-Sector Equity Fund 6.99%
Fidelity Series Stock Selector Large Cap Value Fund 6.39%
Fidelity Series Intrinsic Opportunities Fund 5.55%
Fidelity Series Blue Chip Growth Fund 4.77%
Fidelity Series Opportunistic Insights Fund 4.66%
Fidelity Series Small Cap Opportunities Fund 3.79%
Fidelity Series 100 Index Fund 2.23%
Fidelity Series 1000 Value Index Fund 1.31%
Fidelity Series Small Cap Discovery Fund 1.24%
Fidelity Series Real Estate Equity Fund 0.88%
Commodity Funds 1.45%
Fidelity Series Commodity Strategy Fund 1.45%
International Equity Funds 29.95%
Developed-Markets Equity Funds 20.36%
Fidelity Series International Growth Fund 9.16%
Fidelity Series International Value Fund 9.07%
Fidelity Series International Small Cap Fund 2.13%
Emerging-Markets Equity Funds 9.58%
Fidelity Series Emerging Markets Fund 9.58%
Bond Funds 5.53%
Investment-Grade Bond Funds 0.54%
Fidelity Series Investment Grade Bond Fund 0.54%
Inflation-Protected Bond Funds 0.51%
Fidelity Series Inflation-Protected Bond Index Fund 0.51%
High-Yield Bond Funds 3.02%
Fidelity Series High Income Fund 3.02%
Floating-Rate Funds 0.26%
Fidelity Series Floating Rate High Income Fund 0.26%
Emerging-Markets Debt Funds 0.68%
Fidelity Series Emerging Markets Debt Fund 0.68%
Real Estate Debt Funds 0.52%
Fidelity Series Real Estate Income Fund 0.52%
Short-Term Funds & Net Other Assets 0.06%
Fidelity Series Government Money Market Fund 0.03%
Fidelity Series Short-Term Credit Fund 0.03%
NET OTHER ASSETS 0.02%