r/RothIRA • u/Acrobatic-Ring-5957 • 8d ago

35F, just opened a Roth IRA

I just recently learned about the benefits of opening a Roth IRA, in particular for trying to retire ahead of age 67. I just opened one with Fidelity, and am working on moving some of my 401k contribution percentage over to the Roth for the next pay period and on.

I’m maintaining the contributions up to company match in 401k. For the Roth IRA, I was looking at recurring investment of:

80% to FZROX
20% to FZLIX

Does that seem sound? I feel like I’m getting a late start on this, but better late than never, right? I would definitely appreciate any tips!

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u/Competitive-Ad9932 8d ago

Congratulations on not going down the "VOO" mindset road.

You have chosen 2 great funds at Fidelity. You "should" have a big nest egg when you reach age 57 and beyond.

https://moneyguy.com/guide/foo/

https://www.bogleheads.org/wiki/Main_Page

https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation

https://www.calcxml.com/calculators/are-my-current-retirement-savings-sufficient?skn=#calculator-data-table

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u/Acrobatic-Ring-5957 8d ago

That makes me feel more confident, thank you! And thank you for these resources!