No. of Recommendations: 1
I am basically asking this board for the main one or two things that I should be looking for. I understand fees, and past performance but not much else. I am considering talking to a financial advisor, but want to wait until I pay off my credit cards (I have already paid off 6 out of 11 grand within 6 months.

IMHO, it basically boils down to two things when you're looking at predetermined retirement plans (those you have little choice as to where and what you invest in). One, is there a fund the mimics either the S&P500, Russell 3000, or Wilshire 5000. Two, is there a fund that offers a fixed income/money market return.

Usually actively managed funds perform worse than indexes and have higher fees. I personally wouldn't invest in a bond fund either, just as much risk as an equities fund, thus would opt for the fixed income/money market if possible.

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