Advice for my retirement plans

[Armand P.]

Hello-

I recently started a new job and seeking some advice on structuring my retirement accounts. First, I have a 401K set up at 8%, however, the company is not matching at this time. I've also enrolled in the ESPP at 5%. And lastly, I contribute $200 a month into a Roth Ira. 

Here is what I am thinking: Increase my contribution to the Roth Ira and lower my the contribution to the 401K to 5-6% since company is not matching. Possibly increase the contribute for the ESPP at the next open enrollment period. 

Lastly, are target date investments the most conservative options for someone who does not spend a lot of time researching? 

Thanks,

Armand 

[Chris Soignier]

I wouldn't put anything into the 401k since they're not matching, and you have no control over a usually crappy selection of mutual funds, plus fees.   You can get tax benefits by investing in rentals, w/o having to wait until you're 59 1/2 to enjoy the benefits. 

Roth IRA's are great, so keep investing in them, and invest as much as you can until you max out.

I can't make a recommendation re: your ESPP program w/o knowing the terms and the outlook for the stock.