Hello all!
I am not finically savvy at all—but I noticed that two of my retirement accounts are not invested in anything.
I know it’s typically advised to put money into index funds and things—and sorry this is a dumb question—but what ones and how much??
Thanks
Posted by Kabc
1 Comment
Good options are Vanguard target date retirement funds or Fidelity Freedom Index funds. Other good options are FFNOX, VT and AOA.
I’d personally choose a target date retirement fund with no real preference between Fidelity and Vanguard but make if you do go with Fidelity to use the Freedom Index funds that have a lower expense ratio.
Your brokerage may not give you that much choice, but there should be at least some low cost index funds available.