Over the past 4 months I have been slowly hacking away at all of my debt in my attempt to be debt free by the end of this year. I am currently doing pretty well and I currently have a net worth of ~(-$1400). Its not great, but considering 4 months ago I was at -($12k) I would say I am doing much better.
I am finally eligible for 401K through my employer and judging from what other co workers have told me plus the fact they only match $750 per year I decided to consult the hive mind. Sadly, they offer no vanguard index funds, but judging from a quick look at the rates of return on some for the past years they don't look that bad, at least to me.
So here is my situation. I am 28, single, no kids and am currently still living at home. I currently have $1900 in saving as an E fund, which is low, but I have been paying away gobs of money toward my debt. I have an HSA currently at $2600 through HSA bank which should near the annual max of $3350 by the end of this month. I am currently not investing in their stocks yet because I am waiting for it to hit $5k so that I can have the monthly fees waived. I made the mistake of enrolling in their investment option too soon and I am being charged $5.50 per month in fees for having a balance under $5k. My plan is to utilize my HSA as a true e fund for medical purposes and investing the balance over $5k. At the moment I am bringing in ~$2500/month after deductions and I still manage to put 10% into my savings account.
My only two debts are two student loans that I have left.
$2985 @ 5.75%
$3100 @ 5.35%
Now, before I get to the 401K should I take upcoming purchases into consideration in regards to my contributions? My 16 year old car that I have had for over 10 years might not last another two years and also I would like to be ready to purchase a house in 2-3 years, nothing fancy, something sub 1k square feet with two rooms.
For my 401K options I have an option of 11 investments and 5 different portfolios ranging from mild to aggressive. I am not really sure what to look for, I need to read up on it, but something with low to no front end, low expense ratio, and moderate performance, right? I also have a traditonal and roth IRA with vanguard that I can contribute to if these options are dirt, but I would at least like to contribute to get the $750 match. Also, I really don't plan on being there longer that 5-10 years so when I go I would like to have a decent amount to roll over into my vanuard IRA when I go.
edit: Front load fees are waived- Invesco Stable Value Retirement Fund CL4-.88%er
https://www.invesco.com/portal/site/us/dc/collective-trust-funds/product-detail?productId=162&title=invesco-stable-value-trust- Sentinel Government Securities Fund Class A- .96% ER
http://www.morningstar.com/funds/xnas/segsx/quote.html- Pimco Total Return Fund Class A- .85%ER
http://www.morningstar.com/funds/XNAS/PTTAX/quote.html- Invesco Equity and Income Fund Class A- .79%ER
http://www.morningstar.com/funds/xnas/aceix/quote.html- Putnam Equity Income Fund Class A- .96% ER
http://www.morningstar.com/funds/xnas/peyax/quote.html- Wells Fargo Premier Large Company Growth Fund Class A- 1.12% ER
http://www.morningstar.com/funds/xnas/ekjax/quote.html- JPMorgan Mid Cap Value Fund Class A- 1.24% ER
http://www.morningstar.com/funds/xnas/jamcx/quote.html- Hartford Midcap Fund Class R4- 1.16% ER
http://www.morningstar.com/funds/xnas/hfmsx/quote.html- Thornburg International Value Fund Class R4- 1.24% ER
http://www.morningstar.com/funds/xnas/thvrx/quote.html- Blackrock Global Smallcap Fund Investor A class- 1.42% ER
http://www.morningstar.com/funds/xnas/mdgcx/quote.html- Oppenheimer Developing Markets Funs Class A- 1.3% ER
http://www.morningstar.com/funds/xnas/odmax/quote.html