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Newbie question for my first 401k

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  • Wash
    replied
    Hooray, thanks!

    Leave a comment:


  • PhysicianOnFIRE
    replied


    So if I want a 50/30/20 allocation (is that appropriate for me btw?) would I go with 40 VIIIX / 10 VEMPX / 30 VTMNX / 20 VBTIX?
    Click to expand...


    Looks great to me. Your weighted average Expense Ratio will be under 0.05, I believe. Outstanding.

    When you start additional investment accounts (perhaps 457(b), taxable), you'll want to apply the 50 / 30 / 20 across all accounts, but there's no need to worry about that just yet. You can always buy / sell / exchange within the 401(k) at will with no tax consequences.

    Leave a comment:


  • Wash
    started a topic Newbie question for my first 401k

    Newbie question for my first 401k

    I am a new attending and am setting up my first 401k through my employer, who uses Fidelity. I realize financial education is super important and I am doing my best to learn the basics from this site and the Bogleheads wiki, but still feel way over my head. I like simplicity and would highly prefer if I can pick an allocation now and not have to think about this for a long time. I take it that the Fidelity target date funds are not a good choice despite the simplicity, so I am looking at a three fund portfolio.

    However, my problem is that the recommended funds that I read about (usually Vanguard) are not offered by Fidelity. I have read that VTSMX can be approximated by 80% VIIIX and 20% VEMPX.

    Vanguard Total Stock Market Index Fund (VTSMX) = 80% VIIIX and 20% VEMPX

    Is VTMNX my version of Vanguard Total International Stock Index Fund (VGTSX)?

    Is VBTIX my version of Vanguard Total Bond Market Fund (VBMFX)?

    So if I want a 50/30/20 allocation (is that appropriate for me btw?) would I go with 40 VIIIX / 10 VEMPX / 30 VTMNX / 20 VBTIX?

    Some info about me: early 30s, have about $100k in student loans to pay off, single, no kids, expect to take care of my parents for their retirement. Many thanks in advance!

     

    I have access to the following funds (plus a bunch of the Fidelity target date funds)













































































































    Name/Inception Date Asset Class Category Gross Expense Ratio** Shareholder Fees
    ABF LG CAP VAL INST (AADEX) Stock Investments Large Cap 0.6% No additional fees apply.
    FID CONTRAFUND K (FCNKX) Stock Investments Large Cap 0.58% No additional fees apply.
    VANG FTSE SOC IDX IS (VFTNX) Stock Investments Large Cap 0.12% No additional fees apply.
    VANG INST INDEX PLUS (VIIIX) Stock Investments Large Cap 0.02% No additional fees apply.
    VANG EXT MKT IDX ISP (VEMPX) Stock Investments Mid-Cap 0.05% No additional fees apply.
    ALZGI NFJ SMCPVL IS (PSVIX) Stock Investments Small Cap 0.88% No additional fees apply.
    FID SMALL CAP GROWTH (FCPGX) Stock Investments Small Cap 1.13% Short term trading fees of 1.5% for fee eligible shares held less than 90 days.
    AF EUROPAC GRTH R4 (REREX) Stock Investments International 0.85% No additional fees apply.
    VANG DEV MKT IDX IS (VTMNX) Stock Investments International 0.06% No additional fees apply.
    PIF DVRSD REAL AST I (PDRDX) Blended Investments* N/A 0.89% No additional fees apply.
    PIM TOTAL RT INST (PTTRX) Bond Investments Income 0.47% No additional fees apply.
    VANG TOT BD MKT INST (VBTIX) Bond Investments Income 0.04% No additional fees apply.
    FIMM GOVT INST (FRGXX) Short-Term Investments N/A 0.18%
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