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I have already maxed my 401k and IRA this year, I heard I should invest in a no load fund, how do I do that?


do I just buy one online or do I go to a person, vanguard has a Target Retirement 2040 Fund, should I invest in that or is there something I can invest in after I maxed out my 401k and IRA, I have about $3000 extra to invest long term, my income is 35000 and my husband is 35000, what should I do with this money........ I already have enough savings for 8 months worth of bills, I need to start now before I spend the money on things I do not need

when i wrote that i maxed my 401k, means i put 15% pretax dollars in the 401k with each paychk, as far as I know I am not able to say take all my funds from my paycheck and put it into the 401k until it reaches 15, 500

Very impressive that you have maxed out your 401(k) contribution and your IRA contribution at this point in the year. You can contribute 15,500 to a 401(k) this year and another $4000 to your Roth IRA. That tells me that you've invested $19,500 out of the $20,415 (7 months of a $35,000 annual salary) you've already earned this year.

Vanguard does have good funds that are generally low cost and no-load. It can't hurt to call Vanguard. That Target Retirement 2040 Fund will automatically change the risk profile as you get older and approach your retirement in 2040. It is one of the hottest classes of mutual fund right now as it requires less hands on for re-balancing!

Good Luck!

Check out Vanguard, Fidelity, and TIAA-CREF, which presumably all have web sites. There are many others, but those are large and sound.

Vanguard Target 2040 fund is a good idea. It is no load and Vanguard is known for low operating costs.

I'd suggest calling Vanguard.

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