Which account(s) should I allocate my 401k to?I am enrolling in my companys 401k and am unsure which?
Well, since your company IS NOT (@$$holes!!) matching your contribution, I would NOT invest in their 401k. Reason being, is that this is the only list of funds you have to work with…which sucks hardcore. Moreover, without the additionally contribution money, you are loosing money with these funds relative to what is out there. I applaud your genius for starting young!! The “ME” generation was not so brilliant and as a result we will be feeling it for some time. My suggestions, open an account through a discount online brokerage firm (Schwab or Fidelity). Right now you will be paying the least amount in taxes than any other time in your life, so it only makes sense that you keep the government OUT of your retirement returns. I would suggest you open a RothIRA. The brokerage can work with you to arrange the direct deposit you need. I know Fidelity has somewhere close to 4000 funds to choose from. I just helped my Mother-in-Law do the same thing and would gladly help you select funds if
