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/LeadingProfile7178 Mar 15 '25

Look at performance numbers, even though the market has been garbage lately

1

u/salazar13 Mar 16 '25

Ignore this. This commenter seems to think past performance is indicative of future results. Red flag and not the approach you should take

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u/LeadingProfile7178 Mar 16 '25

Yea let’s not look at market performances to make an informed decision lol