I have opened my IRA through vanguard and looking into the Target Retirement accounts. The specific one I'm looking into is the VFIFX (target retirement 2050).. are these dependable accounts or should I be looking elsewhere?
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They are good choices & like Glen said they make it easy by migrating the fund toward more conservative investments as you approach your target retirement year. However, there is a tendency to pay higher expense fees on these funds. You can look at the breakdown of the fund details & set up your IRA to match the choices at a lower expense ratio more than likely. The flip side is you would have to move the funds into more conservative choices later as you approach retirement age. I have an IRA with Vanguard but it’s not in one of the target retirement funds
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Originally posted by hully1029 View PostI have opened my IRA through vanguard and looking into the Target Retirement accounts. The specific one I'm looking into is the VFIFX (target retirement 2050).. are these dependable accounts or should I be looking elsewhere?
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Originally posted by tdwinklr View PostYes, good funds. Just pick the one with the year you anticipate your retirement and the risk will apply accordingly. I have one of these in my portfolio as well.
Just do NOT lump everything into one fund though. Diversify!
Good luck.
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Originally posted by hully1029 View PostI have opened my IRA through vanguard and looking into the Target Retirement accounts. The specific one I'm looking into is the VFIFX (target retirement 2050).. are these dependable accounts or should I be looking elsewhere?
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Originally posted by hully1029 View PostI have opened my IRA through vanguard and looking into the Target Retirement accounts. The specific one I'm looking into is the VFIFX (target retirement 2050).. are these dependable accounts or should I be looking elsewhere?
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Originally posted by Bullseye07 View PostI’ve got one through work that I joined early in the year. Target 2055. It had done well. about 7% up until the last few days when Trump started opening his mouth again about tariffs.
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Originally posted by tps7742 View PostCongrats to you for at least looking to the future for your financial health. You are way ahead of most people. The younger you are the better to get started.Originally posted by Rush2Judge View PostIMO this is a very good approach. Fees are low and you achieve diversification plus active management (rebalances automatically). If you are chasing the absolute highest rate of return, this won't be it. If you want a good return with low stress, this is a good fund. If you are early in your career (which a 2050 target would indicate), you could add an S&P 500 index fund as well. But, I would start with the target fund.
What higher yielding funds do you speaketh of?
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Originally posted by tps7742 View PostI would assume you are in this fund for the long haul? If you are already worried about these small bumps in the road about tariff rumbling I feel for you. I agree with you that Trumps statements are ridiculous at times and uncalled for other than take action. Politics at its best. I used to sweat the small things but in the big picture?
Well I’m not in a Target 2055 fund to get rich quick.
Doesn’t mean I won’t complain when I lose money. Even if it is imaginary.
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