There is a long list of target retirement funds that own Vanguard stock and bond index funds at a very low cost ranging from .11% to .15%. Simply select the fund that fits your desired asset allocation (70% stocks vs. 30% bonds and cash for example). You can type in to the search engine at Vanguard to identify how each portfolio is broken down based on the number that is attached to the fund. As always, factor in other money within your portfolio and the spouses, if applicable, when making this critical decision.
The minimum investment for Target Date Funds is $1,000.
The minimum investment for Admiral Shares is $3,000 for index funds and $50,000 for managed funds.
The expense ratio on each fund is current as of March 25, 2021.
Stuff the lawyer wants me to say: Investing outside a bank or a credit union is not FDIC insured. You may lose the value in the investments you select. All information provided here is for informational purposes only. It is not an offer to buy or sell any of the securities, insurance products, or other products named. Translated: I am not selling anything! Educate yourself, research the information that you learned and finally make the right decisions that will benefit you and your family going forward.