I'm not sure how early I will retire. I'm self employed, but my salary is quite volatile.
I'm 29 and have not yet invested anything :( better late than never though.
My plan this year is to start a solo 401(k) and probably put $17,500 in there and and then $5,500 into an IRA, from what I've been reading on these forums traditional is the way to go. Is this still the case if I'm not sure I'll retire early? I read this, but does this only apply to someone that is for certain going to retire early?
http://www.madfientist.com/traditional-ira-vs-roth-ira/I'm opening my 401(k) and IRA through Vanguard.
So where to put the money?
Since I'm young and have what I'd assume 15-20 years until retirement. (hopefully sooner, but we're working on that!) Then from my research I want a portfolio that has mostly domestic stock, then some international stock, and a little bit of bonds. I played with the vanguard 'portfolio recommendation' thing and it recommended to put my money into VASGX, which is:
57% Stock
24% International stock
16% Bond
3% International bond
Does this make sense to just drop all of my money into this one fund? This is also not one I see mentioned a lot, I see people mention VTSMX and VFINX.
Is it ok to just put everything, for now, into VASGX or should I diversify some more and put 1/3 into each of these.
I'm very new to all of this and appreciate any advice.
Thank you!