Hi yall,
I am a 23 year old recent grad that is currently working at the moment. I just had a few questions regarding my work's 401k plan as this is my first time and I have no idea what I am doing. I know that I should be contributing so I want to get the guidance from this community on which funds to invest in. Currently they have automatically enrolled me to 3% contribution with no employer match. They also placed me into Lifetime 2050 Fund at 100% of my contribution. Here are the available funds:
Guaranteed Interest Account [1.00%]
Diversified Income Fund [0.64%]
Mainstay Total Return Bond R1 [0.98%]
Lifetime Retirement Inc Fund [1.30%]
Lifetime 2020 Fund [1.33%]
Lifetime 2030 Fund [1.36%]
Lifetime 2040 Fund [1.41%]
Lifetime 2050 Fund [1.56%]
Large Cap Index Fund [0.20%]
Mass Investors Trust [0.98%]
Mid Cap Value Fund [1.38%]
MFS Mid Cap Val Fd R3 [1.16%]
Principal Mid Cap Fund R3 [1.16% ]
Vanguard Small Cap Index Adml [0.06%]
Invesco Diversified Div R [1.09%]
Growth Stock Fund [0.99%]
Extended Market IndexFund [0.21%]
Vanguard Dev Mrkts Indx Adm [0.07%]
Oppenheimer Intl Growth Fund Y [0.89%]
Vanguard International Growth Fund [0.46%]