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I'm a big fan of the "backdoor" contribution. 😳
Remember you will have this for 40 years. Don't pay too much attention to minor fluctuations, the market is volatile and will go up and down in the short term.
You should actually contribute to a Roth IRA instead. And if are above the Roth contribution limit, you can always do the backdoor Roth contribution!
The markets been pretty rough the past few months. I have an aggressive 401k but it was down 15% ytd only 2 months ago and is now back to about normal.
Following.
It's a long term investment, if you're retiring this year...you're fucked. Otherwise, good.
The principles of 401k investing are constant - invest for the long term, invest in target date fund and low cost funds/ETFs that track an index and your contributions should at a minimum get you the full company match but most optimal is if you can put in the full amount - it's $18k for 2016
Also don't forget to put the full amount in for your IRA every year if you can
Stay classy PwC 2
I'm currently 99% stocks, a mix of industry funds with a little bit in Target 2050
FYI - you have until April 15 to make your 2015 contribution - go do it!
Thanks for the advice folks -- just wanted to make sure I wasn't drastically underperforming