I'm looking for some advice here, I'm about to finish my accelerated student loan payments and deciding where that money is going to start going after that.
My employer offers a 3% fully vested match in a Franklin Templeton Simple IRA, I have been contributing 16% of my pay for a rough annual total of $6500. The problem is that right now I've got it going into fund FTTAX. It has a 5ish% front load that barely diminishes with any sort of values I'm likely to hit anytime soon. I've looked through other Franklin Templeton funds but it seems like they are all load funds, and the only ones with lower loads of 3% are more conservative investments.
I know the 3% match from my employer is worth staying in the fund for 3%, but I'm not so good on the taxes benefit. From looking at the 2012 tax tables, it seems like the difference in reduced taxable income will make up for the roughly 700 dollars I am giving Franklin Templeton, but I just wanted to be sure.
I will make roughly 35k this year, household income will be about 80k, in all likelihood using the standard deduction with no kids. If anyone can offer and help or advice I would really appreciate it.
Or if there are no load Franklin Templeton funds that I just don't know about that would be awesome too.