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## Understanding 401K Allocation and Seeking Guidance

Hello, IÔÇÖm having a hard time understanding most every thread regarding 401K allocation. Places specified to allocate such as, ÔÇ£VanguardÔÇØ and ÔÇ£StocksÔÇØ do not directly appear in the allocation options I am given on my ADP screen, nor am I making nearly as much as anyone I see talking about this. I am looking for any and all guidance, my information is as follows:

IÔÇÖve been investing since December 2023. I was investing 1% without knowing, and moved to 7% mid February. Allocated 4% to Roth, and 3% to traditional.

I donÔÇÖt have an HR department to educate me on these things, so I assumed, incorrectly, that only my traditional allocation would be matched by my employer. I will be switching this to 4% Traditional, 3% Roth. This month I had 3 paychecks, so for my middle check I put 5% to each, and plan to invest extra whenever I can in an attempt to catch up.

32 years old in July.

$63,000(est) annual salary. $2387.00 gross pay 80hrs

100% up to 4% Employer Match

Currently invested into Traditional – $381.92

Currently invested into Roth – $310.31

Currently matched by employer – $405.79

I have no idea where my employer match was allocated to. ADP also says I have $788.50 invested, and the simple math tells me it should be around 1,098.02. I seriously do math for a living, and I canÔÇÖt comprehend any of this.

Currently 100% of my invested funds are in a T.Rowe Price Retirement 2055 Fund – Class R. It also says I have allocated 0% of my retirement.

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The AI Legalese Decoder can assist you in deciphering complex legal jargon and terminology related to 401K allocation. By using this tool, you can easily understand the allocation options available on your ADP screen and make informed decisions regarding your investment strategy. Additionally, the AI Legalese Decoder can provide insights into how your employer match is allocated and help you optimize your contributions for maximum benefit. With the AI Legalese Decoder, you can navigate the intricate world of retirement planning with confidence and clarity.

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