I am a single 27-year-old attorney with no children, and would appreciate any and all advice regarding my 401(K) selections.
In 2008, I will contribute $5,000 to my Roth IRA equally in Class B shares of two (2) mutual funds: 1) American Funds Capital World Growth and Income Fund (CWGIX), and 2) American Funds New Economy Fund (ANEFX).
Also, in July 2008, I will begin contributing 10% of my gross income to my employers' 401(K). My employer uses Vanguard and I have the option to invest in the following funds: 1) Long-Term Bond Index (VBLTX), 2) Vanguard Asset Allocation Fund (VAAPX), Wellington Fund (VWELX), 500 Index Fund (VFINX), Growth Index Fund (VIGRX), and Windsor II Fund (VWNFX). Thus, taking into consideration my Roth IRA, which funds should I invest in and what percentage should I allocate toward each fund?