what’s the ratio of equity/stocks to bond/fixed income in your Merrill lynch 401k plan?Do you make any modifications or just use recommended distribution? First job with 401k and not sure what to do!

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I invest in an inverse triple leveraged ETF that specializes in shorting other cryptocurrency ETF puts.

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^ I don’t want to offend, but that is terrible advice. If you’re young go with a high % of equity

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I’m 30, and was working low pay jobs throughout my 20s(which I enjoyed)...working with at risk kids ... Savings was something I couldn’t even think about. So joke if you really want to but I’m really trying to get some help... I don’t think I save or earn enough to actually go for a financial advisor and google is pretty confusing.
If nothing else can you recommend some books on investments?
Or does Kpmg offer some sort of guidance for this?

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^ lol

Definitely go all fixed income if it’s your first 401k.

No offense taken. It was joke.

Typical route is to first contribute the percentage of your salary up to which your employer will match, then Max out Roth IRA then Max out the rest of your 401k contribution to 18.5k. I think KPMG will match 25% of your contribution up to 6%. So put in 6% because you get that 1.5% free, then you Max out the Roth IRA to take of likely better taxes at your current salary. Hope that makes sense. If not, bogleheads has some good advice

Thank you!

Heavy equity based (probably ETFs for you). Target fund is a very good choice for young investors as the amount of equity vs fixed adjusts as you get older. Some say that target funds and not part of your portfolio. It IS your portfolio and it does the blending for you

Depends on how old you are OP. If you are on the younger side I would go 100% equities and work to keep fees low. I might even go 100% small cap to maximize expected returns over longer horizons.

One great feature of the KPMG 401K plan is the ability to overfund your 401K to the tune of 50K+ per year. If you are looking to make catch up contributions for retirement this can't be beat. Look into super backdoor roth IRAs.

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