05-14-2022, 12:48 PM
IRA with 90K in single ready retirement fund PRRWX is underperforming. Want to prote
<!-- SC_OFF --><div class="md"><p>I have 15 years to retirement and I invest in my employers 401K which is a separate account than the one I’m discussing here. </p> <p>This fund grew from 15 years of just sitting there and me ignoring it because I rolled it over from a previous employer. I don’t contribute any money to this IRA since I already contribute to my 401K. It’s good that the initial investment of $13K has grown but it would have grown even more if I had known that this fund (Putnam Ready Retirement 2035) performed poorly compared to other ready retirement funds such as this one from Vanguard (VTTHX). </p> <p>I’m considering exchanging shares into a better performing fund but I also was considering preserving my gains by investing in cash or gold or other bonds that would remain steady in a downturn. </p> <p>Considering I have 15 years until I reach retirement age, I’m concerned that a market downturn will erase my gains which won’t recover in time before I retire. So my question is really around strategy and how to protect these gains and also secure a better rate of growth moving forward. </p> <p>I feel like I’d do better if I just sell what I have and move it to the Vanguard fund and just forget about it but what if I invest 25 percent in gold, 25 percent in cash and 50 percent in the Vanguard fund? My thinking is if the market drops then my cash and gold investments will help preserve some gains.</p> <p>I’d appreciate any advice on this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RegularFinger8"> /u/RegularFinger8 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/uorxk3/ira_with_90k_in_single_ready_retirement_fund/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/uorxk3/ira_with_90k_in_single_ready_retirement_fund/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I have 15 years to retirement and I invest in my employers 401K which is a separate account than the one I’m discussing here. </p> <p>This fund grew from 15 years of just sitting there and me ignoring it because I rolled it over from a previous employer. I don’t contribute any money to this IRA since I already contribute to my 401K. It’s good that the initial investment of $13K has grown but it would have grown even more if I had known that this fund (Putnam Ready Retirement 2035) performed poorly compared to other ready retirement funds such as this one from Vanguard (VTTHX). </p> <p>I’m considering exchanging shares into a better performing fund but I also was considering preserving my gains by investing in cash or gold or other bonds that would remain steady in a downturn. </p> <p>Considering I have 15 years until I reach retirement age, I’m concerned that a market downturn will erase my gains which won’t recover in time before I retire. So my question is really around strategy and how to protect these gains and also secure a better rate of growth moving forward. </p> <p>I feel like I’d do better if I just sell what I have and move it to the Vanguard fund and just forget about it but what if I invest 25 percent in gold, 25 percent in cash and 50 percent in the Vanguard fund? My thinking is if the market drops then my cash and gold investments will help preserve some gains.</p> <p>I’d appreciate any advice on this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RegularFinger8"> /u/RegularFinger8 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/uorxk3/ira_with_90k_in_single_ready_retirement_fund/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/uorxk3/ira_with_90k_in_single_ready_retirement_fund/">[comments]</a></span>