401k Allocation Funds for a 20 yr old?
Friday, October 12th, 2007Hi,
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










