Archive for October 12th, 2007

401k Allocation Funds for a 20 yr old?

Friday, October 12th, 2007
401k
College Guy asked:

Hi,

I am 20 years old working part-time and a full-time student. I am currently enroll in my employer’s 401k program. I am putting 5% of my paycheck for 401k (pre-tax) and 4% to buy the company’s stock at a 15% discount rate (post-tax). This is the first time I have 401k, and I have no idea in which fund to allocate my 401k funds. I know at my age I should 100% in stocks, but I don’t know which type of stocks. I know this might not be the best place to ask, but any help is welcome. Thanks.


Question posted courtesy of: Barbara

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google