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Changing 401k funds

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  • Avatar AZPT 
    Participant
    Status: Other Professional
    Posts: 115
    Joined: 02/02/2019

    Hi all,

    I would like to move my wife’s 401k funds out of the 2050 TDF and into something more aggressive. Only about $50k currently, with a 25+ year retirement horizon. Currently at Fidelity. Was hoping to do 100% FSKAX, but it is not offered with her plan.

    Below are the options.

    I don’t know much about FXAIX (Fidelity 500 Index) fund. Would this be appropriate for a 100% allocation, if I am wanting to go all stocks here? Not necessarily interested in International exposure at this point, as I will target that elsewhere in our investments as our net worth grows. Thoughts?

    #240143 Reply
    Lordosis Lordosis 
    Participant
    Status: Physician
    Posts: 1807
    Joined: 02/11/2019

    An S&P 500 fund is fine for your US equity. It correlates closely with the total market.   I do not have a total market fund in my 403b so I use the vanguard S&P.

     

    “Never let your sense of morals prevent you from doing what is right.”

    #240147 Reply
    Liked by AZPT
    Avatar Peds 
    Moderator
    Status: Physician
    Posts: 4405
    Joined: 01/08/2016

    There’s a wiki post on approximating total US

    #240149 Reply
    Liked by AZPT
    Avatar AZPT 
    Participant
    Status: Other Professional
    Posts: 115
    Joined: 02/02/2019

    Thank you both.

    Peds, I think I found the post you are referencing. Looks like 81% Fidelity 500 index, 11% midcap, 8% small cap. Thanks

    #240161 Reply

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