Question:

I need help with 401K/Investing information from my job!!?

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I received information about 401K and other investing information from my job and I have to make a decision and submit the forms today! There are Fidelity plans and we have to pick what % of our check would go into the plan but we can split it between plans. I think I am going with Fidelity Freedom 2040 Fund (I'm 28) but then I was thinking about choosing another fund. They have Small Cap Stock Fund, Blue Chip Growth Fund, Agressive Growth Fund. I am SO confused. I just want to pick the best one but I really don't know much about this so I am afraid I am going to pick the wrong one! I know it depends on the person but does anyone have any advice about splitting the funds or should I just do 100% in the 2040 Fund?? Thank you so much for any advice!

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  1. I agree with Scott on this. The Freedom funds were designed for people who know nothing about investing and don't have time to do all the research. It keeps those people from putting all their money in a money market.

    Once you become a little more investment savvy, you can try picking your own funds. You have a while to retire so you have time to experiment a little.


  2. The 2040 is a good fund and there is nothing wrong with going 100% on that fund since is specifically designed for your retirement horizons.   The fund managers do all the work for you.  You can always do some research on investing and the investments offered and change it later.  However, I would just put everything in there for now and forget about it.

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