AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons) and "Ultimate Mutual Fund Guide" (Probus). Columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD)about mutual funds and a newsletter, FundDigest.
Question My wife and I are in our mid 40's and maxing out Roth IRA's in a T-Rowe Price 2035 target fund and a Global Stock fund. Are these good overall funds for our purposes with regard to costs, etc. (Retirement in 20-25- years) Thanks in advance.
Answer Dear Mark:
I think the T Rowe target funds are on the aggressive side--I once researched the Depression years, and what happened to the stock market then still scares me--(stocks fell 80%)-- so I would keep a bundle in cash, and perhaps put some money into a more conservative target fund, like Vanguard's--
Which global stock fund do you own? Doesn't the T Rowe fund have an adequate exposure to foreign stocks?
You seem to be doing the sensible thing in general--with a target fund and Roth IRAs--providing you also have adequate insurance--health, especially--
One more thing: Can your wife handle all the family finances if you get disabled? If not, you might investigate having her consult a good financial planner--or start teaching her what you know!
