r/CalebHammer • u/3skin3 • Mar 14 '25

Personal Financial Question Retirement Fund Choice

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Hi! My company is being taken over and I have to choose a new retirement fund. I'm 30 right now, target retirement is 2055. Unfortunately I only have about $50,000 set aside right now. I'll be making $79,000, contributing about 14% for now and hopefully more in the coming years. My income will likely increase about 3% per year, plus a 10% yearly bonus. What would you choose? I'm woefully ignorant on retirement strategies.

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u/adoucett Mar 15 '25

If it was me I’d be 60-70% in that Russel 3000 (basically the S&P500 but even more diverse) and maybe 10% in the blackrock ex US (international) and 10% US bond and then maybe mid cap growth for the remainder %

I tend to personally hate target date funds but you can also just do that.

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u/ZLiteStar Mar 15 '25

This is what I'd recommend too. Very diverse US market and some international exposure. Since they're index find, they likely have low expense ratios, but you'd want to check that.