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Financial Question and Answer


Financial Category: Retirement Planning      Location: CA
Posted: 03/29/2009      Approved: 04/12/2009
Number of Replies: 1     Email Copy To: email financial advice


Question:

I have received about $9,000 in federal/state income tax refunds. I want to contribut the money to my solo 401(k) as I do not need the money at the moment (I already have an emergency fund, I have a somewhat stable government job, I do not have any debts, I have pre-paid my disability insurance policy, and I am 32 years old). My 401(k) essentially holds index funds -- now only worth $10,000. My question is, big picture, what type of investment should I be considering for these funds? I am thinking I would double down on index funds and see what happens, but I am not sure if this is the best way to go. Any suggestions would be appreciated.

Answers (click on a reply to view the answer)



Posted Subject Submitted By



2009-04-13Look at the history of your index funds, preferablRoderick Hausmann




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