I have empower 401k through my old job and now I have vanguard through my current job. I contribute 5% since that’s how much they match but what do I do next? I thought contributing was enough to set me up but I heard you should put it into stocks? How do I do this? And which companies do you recommend using? I know nothing about all this so please help :)
I don't have a stable life, long story, just looking for some help on how im doing. please be brutally honest. This is what I have going on in my Merrill Lynch portfolio for my 401K. I am 36 years old. this is all I have. Due to hardships I had to stop contributing to my 401K a year ago. I picked an aggressive plan and this year since the change its gone up 11.74%. Is this typical, high, or low?
My biggest question is if I did not contribute anything else from now until 67. How bad would it be? what is the most realistic number I could potentially have at retirement at this rate? I only make 50K per year. Any advice is welcomed, thank you if you take time to leave a response :)