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Retirement Accounts and Investments

Lesson 16 from: How to Retire Early: The Latte Factor

David Bach

Retirement Accounts and Investments

Lesson 16 from: How to Retire Early: The Latte Factor

David Bach

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Lesson Info

16. Retirement Accounts and Investments

What are target dated mutual funds, asset allocation funds, balanced funds and simplified ETF solutions? Why are they ideal investments? Which Vanguard fund does David recommend? David gives you homework in this class: crucial questions to ask yourself and actions regarding your 401k.

Lesson Info

Retirement Accounts and Investments

retirement accounts. Let's go through some turnkey solutions for you. How could you make that investment pyramid without figure it all out yourself? You could buy what's called a target date. Mutual fund, Most 41 K plans today offer a four offer a mutual fund or ah, trunk E solution where you say I'm retiring in 2030 and it does it all for you. Sometimes it referred to his ass allocation funds sometimes referred to as a balance fund that can usually be 60% stock and 40% bonds. Basically takes the investment pyramid and does it for you. And you're gonna have simplified what I call e t F Solutions. All those robo advisors I showed you Everybody today is gonna turn key. Dropped the money in its diverse thought among mutual funds. Index is done for you automatically. This is everybody lays out what's my favorite mutual fund. Now, remember, full legal disclosure past performance does not equal future performance. Do not by any investment without reading reading the prospectus and I am not g...

iving you a specific investment recommendation. Did we all hear me on that? OK, but this is a fun that I love a lot. Why do I love it so much? It's consulted when the automatic familiar book. Because Vanguard's one of largest investment coming in the world. Probably the largest investor coming down the world. They run a asset allocation fund with all of their research that takes 11 Vanguard funds and diversifies it, automatically using all of their research of institutional knowledge into one fund. And since 1985 this was the only thing. A year ago, the average return was 9.4%. Super boring, super boring. Guess what I put in my wife's set. Fire A when she opened it up. Vanguard Star Fun. This is so the symbol in the Vanguard Star Fund was V G S T X. This just shows you the different funds that are in the Vanguard Start fund. They're all Vanguard funds, $18.7 billion in that as of 2016. So that's a simple solution. You got a real estate job. You're busy. Real estate you open upset by Ray. Put into one fund like that. It's fine. You can just leave alone. Super boring. Boring is good. These are the three biggest target date of mutual. One company is basically in the world. That's what's inside most four on Cape Lands. Didn T. Rowe Price, Fidelity or Vanguard? They've all got turnkey solutions for your 41 K plans today. It would be unheard of today. Have a 41 K plan that does not offer target date mutual fund. You will do better in a target date Mutual fund. In my opinion that you will do investing on your round, figuring out how much to put in each one of us led sleeves. It's rebounds for you. It gets more conservative as you get older. I'm not gonna spend a lot of time on this right now. But what I said and start late finish rich is that the perfect way to invest money is 1/3 stock third guaranteed investments. This was all the bonds and 1/3 real estate. Which leaves me with your homework. Are you in enrolled in your 41 K plan? Can you increase it? Is there a match? How much do you need to put in to get your match? Do they have target date mutual funds? If they do, are you using the right one and the last thing Do they have financial planning services? A lot of these companies today actually have a company that provides financial planning services with the 41 K plan. See if they've got one of the biggest ones is financial engines. But most 41 K plans today are now offering a form of financial advice.

Ratings and Reviews

Ling Fan
 

Great class! Concise and powerful! Wish I knew this 10 years ago.

Kennie Johnson
 

Very helpful and inspiring

Carlos Figueiredo
 

I thoroughly enjoyed the course love it!

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