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Author: jesserivera67 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76385  
Subject: Re: Davis NY Venture? Date: 9/18/2003 1:20 PM
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"about 529s and we are talking about those and the conversation comes around to retirement and they are suggesting Davis NY Venture (NYVTX and/or NYVBX)"

Not sure if you've opened a 529 or not but one suggestion is to look at
http://www.planforcollegenow.com/. It's the Nebraska plan and one of the most versatile of all 529's have 22 separate funds you can invest in as opposed to the fixed plans which are typically overweighted with large cap funds. More advice on this can be found at:

http://www.fundadvice.com/FEhtml/InvestingBasics/0211b.html

"My current 401K is in a Vanguard Index Fund. Dh's annuity fund is in a "conservative journey" through Mass Mutual (about $35,000). Asset mix targets are 15-45% equity funds, 55-85% fixed income/short-term bonds. I am 38, dh is 35. Dh also has a pension that he collects pension credits for. I am not sure how many he has collected so far but he has been working for the union for about 10 years."

I'm with gogreengo, this is way conservative. I'd recommend at least 70/30 mix or if you really risk averse then 60/40 (equities/bonds). I really don't like annuities but if it's working for you great. I would ask if you are working right now are you maxing out your 401k and perhaps your IRA prior to using the annuity.

If you own your home (IOW, fully paid off) congrats! That's a major milestone and will allow for additional savings for your retirement.

The Davis NY fund is a good fund but why pay the fees? There are plenty of alternatives out there (Vanguard, TIAA-CREF, T.Rowe Price, Fidelity, Schwab, etc.) So I'm in agreement with you there.

IMHO you are doing fairly well but probably want to get a bit more agressive with your investing, BWDIK. ;-)

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