I know a lot about a few things, but very little about investing and saving for my retirement.
As a gov't employee, my 401K equivalent is the Thrift Savings Plan. I've been investing in this since I became an employee, but I don't really know what I'm doing. Dave Ramsey provided a breakdown as to how much should be allocated into which fund (We recommend that you put in a ratio of 80-10-10 or 60-20-20. That means put 80% in the C fund (common stock fund), the other 10% in the S fund (small-cap stocks) and 10% in the I fund (international).)
I've followed this, but am wondering if that's the right move or if I should be all in one of the Lifecycle funds (I hope to retire in ~20 years). Advice?
As a gov't employee, my 401K equivalent is the Thrift Savings Plan. I've been investing in this since I became an employee, but I don't really know what I'm doing. Dave Ramsey provided a breakdown as to how much should be allocated into which fund (We recommend that you put in a ratio of 80-10-10 or 60-20-20. That means put 80% in the C fund (common stock fund), the other 10% in the S fund (small-cap stocks) and 10% in the I fund (international).)
I've followed this, but am wondering if that's the right move or if I should be all in one of the Lifecycle funds (I hope to retire in ~20 years). Advice?
