I'm trying to get my kids started out with investments and could use some advice.
Opened a Roth IRA, and maxed out the 25 contribution and started on 26. Account is at Schwab. Initially I just put everything in SWYOX (2065 target date fund). Is this a good strategy, or should we be looking at a different fund?
Also, once reaching the max, what is a good approach for further investing? Currently just starting out working and unlikely to be getting any sort of 401k matching or the like, so I assume it will just be self funded for now. Should we be looking at a self funded IRA or are there other better options?
Thanks