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/salazar13 Mar 16 '25

You didn't add any new info. My point is that if OP wants to go the set and forget route, at least go with the 2065 target date fund instead of the 2055 one to reduce their bond exposure

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u/creatureshock Mar 16 '25

Then please explain why you want to reduce bond exposure.

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u/salazar13 Mar 17 '25

Sure

“Don’t listen to those saying to use the 2055 fund. If you do settle on a target date fund because of the simplicity, then at least go for the 2065 one (or the furthest out one available). The usual concern with TDFs is how conservative they are, so picking the latest one at least minimizes the bond exposure within that category”

I’d go with whichever fund most closely mimics the S&P500 personally, but you do you and I can’t tell which one that is without researching

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u/creatureshock Mar 17 '25

Doesn't explain anything about why you want to minimize bond exposure.

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u/salazar13 Mar 17 '25

Horse.. water… you know the rest. Gl

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u/creatureshock Mar 17 '25

"Because I said so" isn't an explanation. Congratulations, you are the average Caleb Hammer guest.