Hello,
As the title suggests, I'm a young professional that has been investing in a 401k thru my company for approximately 4 or 5 years. I'm now looking into investments and attempting to further my financial knowledge.
My company goes thru Empower for our 401k, and I currently have the following allocations which were the automated investments and I'm looking for advice on revising said investments to better my future.
- vanguard total international stock index admiral 40%
- vanguard small cap index adm 11%
- vanguard mid cap index fund admiral 11%
- vanguard 500 index admiral 27%
- vanguard total bond market index admiral 5%
- guaranteed income fund 2%
I currently put in the max that my company will match which is 6% (IIRC they match the first 4 and half of the last 2). However, starting this year, my plan is to increase my input by 1 percent each time I get a raise of 3% or more.
Any input is greatly appreciated.
Thank you.