Friday, September 07, 2007

401k Changes

I just got word from my company that they are changing my 401k options again.

I am a little excited because there is finally an option that is an
S&P 500 fund. This is the first time that we have had any fund that is
designed to track one of the major indexes. I like this idea because
it really makes it a bit simpler to keep track of.

Thankfully, the options that they are removing is one that I didn't
particularly care for anyway due to my age: a dividend-focused fund.

In the end, I checked my retirement outlook today and things are
looking quite good. Currently, I am planning to work part-time into
retirement and that helps quite a bit with defraying the costs of the
first few years of retirement until later on when it may no longer be
feasible anymore.

my current allocation for my retirement account according to fidelity
is 91% stocks and considering my age of late twenties, I think that
this is quite reasonable.

1 comment:

Mrs. Micah said...

Thanks so much for mentioning Craigslist on The Simple Dollar. I'd never connected it with advertising my services before!

Sounds like your company made a good move on the 401(k) front. Mine is fortunately with Fidelity, so if they'll formally hire me, there's some nice Fidelity indexes I'm eying.