So this is only going to be one of my 3 "retirement" accounts but I need help. I am 23 so I can take tons of risk. Retirement goal is 2020-2030.
My investment plan offers a very slim number of choices, only two of these options are passively managed. However, there are "target retirement" funds which are actively managed but also have very low expenses.
These are my current choices:
- Retirement date fund 2000-2055 (0.08% fees)
- U.S. Stock Market Index Fund 120 (0.02% fees) (Russell 3000 TR)
- U.S. Large Cap Equity Fund 320 (0.37% fees) (Russell 1000 TR)
- U.S. Small/Mid Cap Equity Fund 330 (0.63% fees)
- Foreign Stock Index Fund 200 (0.03% fees)
- Self Directed Brokerage Account with access to Vanguard Funds (Through Hewitt Financial)
It seems that the easiest way to go would be with the lowest expense fund but that is where the real experts like you come in to save the day. If the SDBA is the better way to go please punch my face. Keep in my mind I have no idea how to operate one.
edit: Here is a link to the funds if you want to take a closer look.
https://www.myfrs.com/InvestmentFundTabs.htm
