401K Accnt Help please!

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
moosefl
Posts: 3
Joined: Wed Sep 13, 2017 1:19 pm

401K Accnt Help please!

Post by moosefl » Thu Oct 12, 2017 3:53 pm

Thank you all in advance!


Taking small steps to understand so I can prepare better future.
Working for a company offering these 30 different choices for 401K plan ( Fidelity) to its employees.
Plan to contribute max amt.+ catch up(total 18K+6K) each year till I retire... maybe in 12-14yrs. I am 53 now.
Tax Bracket 25% or more. Filing single. living in Florida

I have about $80K in 5 of these accnts and they are:

* Fidelity ContraFund -Class K (FCNKX) 29.34%
* Vanguard Small Cap Index Fund Admiral Shares (VSMAX) 22.37%
* Vanguard Equity - Income Fund Admiral Shares(VEIRX) 10%
* Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) 19.6%
* Vanguard Total International Stock Index Fund Institutional (VTSNX) 18.68%


Below is the rest 24 accnt names of my company's 401K plan

1. Harbor Capital Appreciation Fund Institutional Class
2. Principal MidCap Fund Institutional Class (PCBIX)
3. Northern Small Cap Value Fund ( NOSGX)
4. Neuberger Berman Genesis Fund Class R6 (NRGSX)
5. Fidelity Total Market Index Fund -Institutional Class
6. Wells Fargo Special Mid Cap Value Fund-Class R6
7. Franklin Small Cap Growth Fund Class R6 (FSMLX)
8. Fidelity Balanced Fund Class K (FBAKX)
9. Fidelity Diversified International Fund Class K
10. Metropolitan West Total Return Bond
11. DFA Inflation Protected Securities
12. Managed Income Portfolio II Class 4
13. Fidelity Freedom 2005 Fund Class K (FSNJX)
14. Fidelity Freedom 2010 Fund Class K (FSNKX)
15. Fidelity Freedom 2015 Fund Class K (FSNLX)
16. Fidelity Freedom 2020 Fund Class K (FSNOX)
17. Fidelity Freedom 2025 Fund Class K (FSNOX)
18. Fidelity Freedom 2030 Fund Class K (FSNQX)
19. Fidelity Freedom 2035 Fund Class K (FSNUX)
20. Fidelity Freedom 2040 Fund Class K (FSNVX)
21. Fidelity Freedom 2045 Fund Class K (FSNZX)
22. Fidelity Freedom 2050 Fund Class K (FNXBX)
23. Fidelity Freedom 2055 fund Class K (FNSDX)
24. Fidelity Freedom 2060 Fund Class K (FFNSFX)


What do you think I should do?
:confused

Thank you for your quick responses!!

I am free of debts or loans. Renting. 53yrs old. Have a 403B from old job actually that is my next question what to do about this... $100K in Lincoln Financial group.

I have copied and pasted Expense ratio from plan.
Name/Inception Date Asset Class Category Gross Expense Ratio** Shareholder Fees
Investments you currently own FID CONTRAFUND K (FCNKX)
05/17/1967
Stock Investments Large Cap 0.58% No additional fees apply.
FID TOT MKT IDX INS (FSKTX)
11/05/1997
Stock Investments Large Cap 0.03% No additional fees apply.
HARBOR CAP APPR INST (HACAX)
12/29/1987
Stock Investments Large Cap 0.7% No additional fees apply.
Investments you currently own VANG EQUITY INC ADM (VEIRX)
03/21/1988
Stock Investments Large Cap 0.17% No additional fees apply.
PIF MIDCAP FUND I (PCBIX)
12/06/2000
Stock Investments Mid-Cap 0.68% No additional fees apply.
WF SPL MID CP VAL R6 (WFPRX)
04/08/2005
Stock Investments Mid-Cap 0.77% No additional fees apply.
FKLN SM CAP GRTH R6 (FSMLX)
05/01/2000
Stock Investments Small Cap 0.65% No additional fees apply.
NB GENESIS R6 (NRGSX)
09/27/1988
Stock Investments Small Cap 0.78% No additional fees apply.
NORTHERN SM CAP VAL (NOSGX)
03/31/1994
Stock Investments Small Cap 1.14% No additional fees apply.
Investments you currently own VANG SM CAP IDX ADM (VSMAX)
10/03/1960
Stock Investments Small Cap 0.06% No additional fees apply.
FID DIVERSIFD INTL K (FDIKX)
12/27/1991
Stock Investments International 0.92% No additional fees apply.
Investments you currently own VANG TOT INTL STK IS (VTSNX)
04/29/1996
Stock Investments International 0.09% No additional fees apply.
FID BALANCED K (FBAKX)
11/06/1986
Blended Fund Investments* N/A 0.46% No additional fees apply.
FID FREEDOM 2005 K (FSNJX)
11/06/2003
Blended Fund Investments* N/A 0.44% No additional fees apply.
FID FREEDOM 2010 K (FSNKX)
10/17/1996
Blended Fund Investments* N/A 0.47% No additional fees apply.
FID FREEDOM 2015 K (FSNLX)
11/06/2003
Blended Fund Investments* N/A 0.5% No additional fees apply.
FID FREEDOM 2020 K (FSNOX)
10/17/1996
Blended Fund Investments* N/A 0.54% No additional fees apply.
FID FREEDOM 2025 K (FSNPX)
11/06/2003
Blended Fund Investments* N/A 0.57% No additional fees apply.
FID FREEDOM 2030 K (FSNQX)
10/17/1996
Blended Fund Investments* N/A 0.61% No additional fees apply.
FID FREEDOM 2035 K (FSNUX)
11/06/2003
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM 2040 K (FSNVX)
09/06/2000
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM 2045 K (FSNZX)
06/01/2006
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM 2050 K (FNSBX)
06/01/2006
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM 2055 K (FNSDX)
06/01/2011
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM 2060 K (FNSFX)
08/05/2014
Blended Fund Investments* N/A 0.64% No additional fees apply.
FID FREEDOM INC K (FNSHX)
10/17/1996
Blended Fund Investments* N/A 0.42% No additional fees apply.
MIP II CL 4
04/20/1993
7 day yield as of
09/30/2017 1.75%
Bond Investments Stable Value 0.37% No additional fees apply.
METWEST TOT RTN BD P (MWTSX)
03/31/1997
Bond Investments Income 0.38% No additional fees apply.
Investments you currently own VANG TOT BD MKT INST (VBTIX)
12/11/1986
Bond Investments Income 0.04% No additional fees apply.
DFA INF PRT SEC PORT (DIPSX)
09/18/2006
Bond Investments N/A 0.12% No additional fees apply.
Last edited by moosefl on Thu Oct 12, 2017 5:25 pm, edited 2 times in total.

soccerrules
Posts: 182
Joined: Mon Nov 14, 2016 4:01 pm

Re: 401K Accnt Help please!

Post by soccerrules » Thu Oct 12, 2017 4:21 pm

Moose - welcome!
Suggestion - please edit your post to include the expense ratios for each of the funds you currently are contributing to and those offered.

It may be a little hard for others to give good advice without knowing your whole financial picture
Other funds (IRA, Roth, Taxable?) ? Debt ? Retirement plan ? Expenses needed in Retirement?

See the 1st thread on this forum and use that format. More info you provide the more help you will get. Once you provide the info you will receive good feedback and maybe some suggestions.

This is a great resource!
Don't let your outflow exceed your income or your upkeep will be your downfall.

dbr
Posts: 24133
Joined: Sun Mar 04, 2007 9:50 am

Re: 401K Accnt Help please!

Post by dbr » Thu Oct 12, 2017 4:30 pm

What I think you should do is go to "getting started" and work your way through the basics on financial planning and investing. If it seems too simple keep going until it isn't: https://www.bogleheads.org/wiki/Getting_started What funds to pick is the last and usually pretty obvious step in a process.

JBTX
Posts: 1665
Joined: Wed Jul 26, 2017 12:46 pm

Re: 401K Accnt Help please!

Post by JBTX » Thu Oct 12, 2017 4:36 pm

It really isn’t a bad selection of funds although we know nothing about your age and financial situation. You may consider swapping out contrafund for fidelity total market index index. That said, contrafund has been a pretty good fund and generally matched or exceeded broad index performance.

Also not sure how fidelity equity income fits. Again probably a good fund but long term you are probably better off with index funds. Contribute half of this to total market index and the other half to bond index.

You have a small cap tilt. If that is intentional that is fine.

Even if you did nothing I think you are OK.

As said we really need to see fees fully answer question.

User avatar
ruralavalon
Posts: 11864
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: 401K Accnt Help please!

Post by ruralavalon » Thu Oct 12, 2017 5:07 pm

Welcome to the forum :) .

You have many good funds offered in your 401k, you are fortunate.

Go to the "getting started" wiki article and start reading. The link is below.
. . . . .

Some additional information would be helpful.

Do you have any debt? If so what types, amounts and interest rates?

What is your tax bracket, both federal and state?

What is your tax filing status?

What is your age?

What is your desired asset allocation?

Do you have any other accounts? If so what funds are you using in each account? Please give fund names, tickers and expense ratios.

What are the expense ratios on the funds offered in your 401k?

About how much (in dollars) do you think that you may be able to contribute to investing annually (total, all accounts)?

You can simply add this to your original post using the edit button, it helps a lot if all of your information is in one place.

. . . . .

In my opinion if the expense ratios for the funds are the standard ratios, then these are the better funds to use in your 401k:
1) Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX);
2) Vanguard Total International Stock Index Fund Institutional (VTSNX); and
3) Fidelity Total Market Index Fund -Institutional Class.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

moosefl
Posts: 3
Joined: Wed Sep 13, 2017 1:19 pm

Re: 401K Accnt Help please!

Post by moosefl » Thu Oct 12, 2017 5:16 pm

:D
I just added more info.
I am happy to find such a great place to ask many of my questions.
Thanks!

User avatar
Duckie
Posts: 5124
Joined: Thu Mar 08, 2007 2:55 pm

Re: 401K Accnt Help please!

Post by Duckie » Thu Oct 12, 2017 5:21 pm

moosefl wrote:Working for a company offering these 30 different choices for 401K plan ( Fidelity) to its employees.
These funds are the best options in the 401k:
  • FID TOT MKT IDX INS (FSKTX) 0.03% -- Complete US stocks
  • VANG TOT INTL STK IS (VTSNX) 0.09% -- Complete international stocks
  • VANG TOT BD MKT INST (VBTIX) 0.04% -- US bonds
    and
  • VANG SM CAP IDX ADM (VSMAX) 0.06% -- 14% of US stocks, if you want a small-cap tilt

moosefl
Posts: 3
Joined: Wed Sep 13, 2017 1:19 pm

Re: 401K Accnt Help please!

Post by moosefl » Thu Oct 12, 2017 6:08 pm

As i mentioned in earlier post today I have a 403B accnt from my old job that i stopped contributing.
It is a Lincoln Group Variable Annuity. I am 53 and will retire maybe in 12-14yrs.
Should I just leave it alone or move it to somewhere in sake of saving on possible future tax or fee?

Much appreciated :)

User avatar
ruralavalon
Posts: 11864
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: 401K Accnt Help please!

Post by ruralavalon » Thu Oct 12, 2017 7:56 pm

moosefl wrote:
Thu Oct 12, 2017 5:16 pm
:D
I just added more info.
I am happy to find such a great place to ask many of my questions.
Thanks!
It's good to see that you are debt free.

You didn't indicate a desired asset allocation.

At age 53 and 12-14 years to retirement I suggest around 40% in bonds.

I suggest around 20-25% of stocks in international stocks. Historically that would have captured around 84-99% of the maximum diversification benefit. For a pdf of a Vanguard paper on this subject Google "Considerations for Investing in Non-U.S Equities".

That would work out to about 40% bonds, 15% international stocks, and 45% domestic stocks.

With the new information I still feel the better funds to use in your 401k are:
1) Fidelity Total Market Index Fund Institutional (FSKTK) ER 0.03%;
2) Vanguard Total International Stock Index Fund Institutional (VTSNX) ER 0.09%; and
3) Vanguard Total Bond Market Index Fund Institutional (VBTIX) ER 0.04%

moosefl wrote:
Thu Oct 12, 2017 6:08 pm
As i mentioned in earlier post today I have a 403B accnt from my old job that i stopped contributing.
It is a Lincoln Group Variable Annuity. I am 53 and will retire maybe in 12-14yrs.
Should I just leave it alone or move it to somewhere in sake of saving on possible future tax or fee?

Much appreciated :)
I can't find your earlier post about your 403b and the Lincoln Group variable annuity.

Can you repeat that here and give us details on that annuity? What is the variable annuity invested in?

Do you have any other accounts and investments?
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Post Reply