Relatively new here. My money is at Vanguard and Mutual of America ( only choice for work). Wife's money is at Vanguard and Fidelity ( only choice for work). If job ends, we will role over into Vanguard.
Currently we are invested in Target date Funds, primarily 2035, but some in both earlier and later dates. Cost is 0.17%.
After reading MMM all the posts, I realized I was keeping way too much money in cash. Currently live in Seattle, renting a house from my father. No way we will be buying a house here ( current house a fixer, bought for 472k in 2012 now Zillow says it is worth about 800k, and that is mostly for increase in LAND prices). Our combined salary is 69k this year, up to 100- 110k next year, probably 130k the year after and for the next 5 years ( wife is finishing training for a profession). I looked around the forums.
My question is why not Target date funds? I have not seen any info on them on MMM versus index funds or in posts on the Forum- don't have to rebalance, just buy another fund with a different mix of stocks and bonds if you prefer a different allocation.
Moving 20k cash into vanguard, trying to figure out where to put it.
Thoughts?