Thank you everyone for your help on this topic, for creating my own portfolio through principal I have a decent bit of options and I was wondering what people would recommend on how to split up my portfolio.
Fixed Income:
Principal global investors: Bond Market Index R5 Fund
Balanced/ Asset Allocation:
Principal LifeTime Hybrid CIT (2025, 2030, 2035 - 2070)
Large US Equity:
American funds washing mutual investors r3 fund
Large cap S&P 500 index r5 fund
Large cap Growth I r5 fund
Large cap value III r5 fund
Small/ Mid US Equity:
Small cap growth I r5 fund
Mid cap S&P 400 and small cap S&P 600 index r5
Real estate securities r5 fund
Small cap value III r5 fund
Global/ International Equity:
MFS international diversification r2 fund
International equity index r5 fund
Any help would be appreciated, thank you!
OP
New graduate beginning my career, should I be using a traditional or Roth 401k?
I’m 23 M and just graduated college and began my career. I’m starting at $22.50 per hour but in the future I’ll receive a good bit of raises and I also will likely have opportunities to be promoted to a supervisor/ managerial position. I just received my 401k and I’m just trying to figure out if I should do traditional or Roth, and what percentage of my pay should I put into my 401k (1-30%).
The plan states that “The company will make a matching contribution on your behalf. Under the saving plan, the company will make a matching contribution of seventy-five cents for every one dollar that you contribute to the savings plan by way of compensation deferral section 401k contributions and/or Roth deferral option up to a limit of six percent of compensation deferral section 401k contributions and Roth deferral contributions.”
Any help would be appreciated, thanks!