I'm wondering how I should best invest the money I'm putting into a 401(k) plan at work. I would like to put it into a S&P 500 index fund, but the plan doesn't offer one. What it does offer is a number of mutual funds from the Columbia Funds family, ranging from a money-market fund to a U.S. government bond fund to a small-cap stock fund. One theory I've read is that you should subtract your age from 100, invest that percentage in stocks, and the rest in bonds and/or cash. I'm 28, so following that approach would mean I should have 72% of the 401 (k) money invested in stock funds. If anyone out there has thoughts on how someone my age should allocate money in a 401(k) plan, I'm interested in hearing your ideas.
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