Hello,
I currently have a 401k with my company, I get NO MATCH, and I maxed it last, and this year. (For a total of about 35.5k)
The plan is with principal financial, and offers about 20 funds.
The LOWEST fee is a *S/P 600 Fund* of 1.66% and pretty-much every other fee is 2.5%
My allocation is 60% the S/P fund and 5% into 8 other funds for no particular reason.
I currently earn somewhere in the 170-200k range so my bracket is pretty high in both federal and state rates(MN)
Am I screwed? Is the plan even worth it?
Thanks!
PS. I invest money outside of this in low cost index funds, so it's not all bad!