Hi all, I'm 59 years old with $512,000 in my employer 401K of which 85% is Traditional and 15% is Roth. My current investment is 100% Fidelity Freedom 2035. I plan on retiring in 6 years .
More about me:
\*$140,000 salary
\* Maxing out 401K and just started a brokerage account
\*$300,000 in Rollover IRA
\*$450,000 house with $100,000 left on mortgage
\*Wife with $150,000 salary and $800,000 in 401K
\*Paying tuition for one more year for last child
Two questions: 1) Should my future employer contributions be mainly to Traditional 401K or Roth 401K (I'm assuming traditional)? 2) Should I keep my money in the 2035 target date fund or rebalance or allocate future contributions into any of the following choices?
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Thanks for any advice!