401K
Out of context: Reply #19
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- CincodeMayo0
Ok, so I found out a little more info about starting my 401K. This being a finance site and all, I figure I'd ask you guys for some advice.
So I'm 27, and I don't have any money in the market yet (and not much in my bank account either). I don't want to put too much money in my 401K yet but I do want to start it out. After doing some research online and through Prudential (my 401K management co.) its been suggested I invest my money this way (Aggressive):
50% - Stable Value
25% - Fixed Income Long Term & Immediate
7% - Large Cap Stock - Growth
7% - Large Cap Stock - Value
6% - Small/Mid Cap Stock - Value
5% - International StockSo that said, here are what I have to choose from:
Guaranteed Income Fund
Core Bond/PIM Fund
Core Plus Bond/Reams Fund
Prudential Short-Term Fund
Balanced I Fund (sub-advised by Wellington Management)
Janus Adviser Balanced Fund (Class S Shares)
Lifetime Aggressive Growth Fund
Lifetime Balanced Fun
Lifetime Conservative Growth Fund
Lifetime Growth Fund
Lifetime Income & Equity Fund
AIM Constellation
AllianceBernstein Growth & Income Fund (Class A)
American Century - Ultra
Dryden S&P 500 Index Fund
Fidelity Advisor Equity Growth
Large Cap Growth/Turner Investment Partners Fund
Large Cap Value/AJO Fund
AIM Dynamics Fund
Mid Cap Blend/Batterymarch Fund
Mid Cap Value/CRM Fund
Small Cap Growth/TimesSquare Fund
Wells Fargo Advantage Small Cap Value Fund A
Oppenheimer Global (Class A)
Templeton Growth
Thornburg International Value Fund (R3 Shares)
--------------------------------...
100% TotalI have no idea what any of these are or mean.
Is there some kind of site that breaks it all down? I haven't found one yet and I've been hitting up a lot of sites. Can any of you make a recommendations? This would be much appreciated! I have no freaking clue what to do!
THANKS!
Oh, and PS - I'm also rolling over a 457b that has a total of just over $400 in it. Not much, but it's a start.