Hey everyone, just a few quick questions-
I have an emergency fund in cash at the bank which is much for than I need. I contribute 10% of my pay to my pension, and have finished my Roth IRA for the year. I am going to start maxing the 457 plan offered by my employer (Illinois Public Pension Fund Association), but they don't have any ticker symbols, just general names of the funds and expenses. The expenses are allegedly all I will have to pay. I am going to allocate most of my money into their stock index with gross expense at .65. I am not so sure what to use for their bonds, which are actually listed as the following:
Short Time Corporate Bond-High Quality expense of 1.00
General Corporate Bond-1.oo
Inflation protected securities-general government bond-1.00
High Yield Bond Corporate-1.10
Question 1) Which of the above would people recommend?
Question 2) I will be trying to move jobs in 12 months (girlfriend will be working), so is it even worth me starting a 457 plan or will companies just charge me to move it? (Yes I know this is mind blowing to people but its okay)
Question 3) I just finished "Millionaire Teacher" and "Common Sense on Mutual Funds," so I feel like I'm headed in the right direction. I want everything simple. Will I lose out if I move my Roth to Vanguard with 80% allocation in VFIAX and FBTLX, or is it okay to keep it in FUSVX and FSITX?
Question 4) I have no debt, and allegedly I dont have access for an HSA, so can I now move to purchasing taxable index funds? (Im single, 80k/year, no mortgage, no kids) I dont know if I missed something in the general 8 investor development plans.
Thanks everyone!