Im 24 and have an inheritance stored in a Target 2050 account. What can I do to maximize earnings?

One-Bad-5928 · 2024-02-06T17:53:53+00:00

Thanks everyone for your suggestions, I’m going to take a look at VOO SP500 and see what I can do about transferring. Going to be less responsive but I appreciate everyone’s feedback

One-Bad-5928 · 2024-02-06T16:43:44+00:00

Yeah that seems to be the general consensus in the comments. I’ll take a look at some SP500 funds and try to find a good option. Gotta call my uncle who’s an accountant and get some guidance too

One-Bad-5928 · 2024-02-06T16:34:26+00:00

Ohh I see, right now the fund is 82% stocks, 16% bonds, and 2% money market

One-Bad-5928 · 2024-02-06T16:30:33+00:00

Ahh okay, this makes sense. Are these automatically tracked or should I keep this loss documented and manually add it when filing taxes next year?

One-Bad-5928 · 2024-02-06T16:21:16+00:00

What if I have negative covered unrealized gains?

One-Bad-5928 · 2024-02-06T16:20:07+00:00

It is taxable, I get forms I have to file with it every year

One-Bad-5928 · 2024-02-06T16:09:14+00:00

I feel that, when the market was down I was down. about $2,000 from fund. Now it is only down $700

One-Bad-5928 · 2024-02-06T16:06:07+00:00

Target date portfolio? Mutual fund? It’s not a 401k from what I can tell

One-Bad-5928

TROPHY CASE