401k wellness check

I’m sure this has been asked before but I recently did a check on how my overall finances are doing.

 I’ve googled and researched but I was wondering other opinions on my 401k investments through fidelity.

 They are as follows: 

Dryden s&amp;p 500 index fund (is platform) lathe cap blend .86% expense 

Guaranteed income fund- stable value 

Large cap growth II fund- managed by alliance Bernstein- 1.262% expense 

Lifetime balanced fund- allocation 50-70% equity .965% expense 

My company contributes 7% which goes 70% to the Dryden and 10% each other fund 
I contribute 16% to everything but the Dryden, I’ll be increasing to 18% in the new year. 

Overall in the past two years I’m down -5% according to empower/fidelity 

I have no credit debt- a large personal loan I just received this week ~50k but half will be paid upfront next week 

180k mortgage on my house which I pay $300 extra a month. $2000k total a month 

15k in high risk investment- crypto (I know I know) I assume this money is gone during budgeting 

This year I’ll open a Roth IRA, move 6months of emergency money to a savings account and pay down my personal loan as much as I can. 

Total income: 110k 
Home value: 400k 
Truck: 50k 

Thanks for your thoughts and comments, much appreciated.
Based on the information you've provided, here are some thoughts:

1. 401(k) Allocation: Every investor's situation is unique but generally, having a diversified portfolio is important. Your current allocation seems to be diversified across different fund types. However, the expense ratios on some of your funds are quite high; especially the Large Cap Growth II fund and Lifetime Balanced fund. You may want to consider reallocating your contributions to funds with lower expense ratios, if available. Also, your overall performance being -5% over the past two years is somewhat concerning, given that the stock market has generally been performing well during this period. This could be due to the specific investments in your 401(k) or because of the market fluctuations affecting your particular funds.

2. Roth IRA: Opening a Roth IRA is a good move. It offers tax-free growth and tax-free withdrawals in retirement, providing more flexibility in your retirement income planning.

3. Emergency Fund: Moving 6 months of emergency money into a savings account is a smart decision. It's important to have an easily accessible safety net.

4. High-Risk Investments: It's good that you consider your $15k invested in crypto as money that might be lost. While high-risk investments can potentially bring high returns, they can also lead to significant losses. 

5. Debt: It's good that you're aggressively paying down your mortgage and planning to pay down your personal loan. Just make sure the interest rate on your personal loan isn't higher than what you could earn if you invested that money instead.

6. Future Contributions: Increasing your 401(k) contribution to 18% is a good move, as it allows you to take advantage of the tax benefits and potentially get a larger employer match. 

Overall, it seems like you're on the right track. However, it could be beneficial to speak with a financial advisor to ensure your investments align with your long-term goals and risk tolerance. They can help you devise a plan to manage your 401(k) and other investments, taking into account your entire financial situation.
### Human
401k wellness check

I’m sure this has been asked before but I recently did a check on how my overall finances are doing.

 I’ve googled and researched but I was wondering other opinions on my 401k investments through fidelity.

 They are as follows: 

Dryden s&amp;p 500 index fund (is platform) lathe cap blend .86% expense 

Guaranteed income fund- stable value 

Large cap growth II fund- managed by alliance Bernstein- 1.262% expense 

Lifetime balanced fund- allocation 50-70% equity .965% expense 

My company contributes 7% which goes 70% to the Dryden and 10% each other fund 
I contribute 16% to everything but the Dryden, I’ll be increasing to 18% in the new year. 

Overall in the past two years I’m down -5% according to empower/fidelity 

I have no credit debt- a large personal loan I just received this week ~50k but half will be paid upfront next week 

180k mortgage on my house which I pay $300 extra a month. $2000k total a month 

15k in high risk investment- crypto (I know I know) I assume this money is gone during budgeting 

This year I’ll open a Roth IRA, move 6months of emergency money to a savings account and pay down my personal loan as much as I can. 

Total income: 110k 
Home value: 400k 
Truck: 50k 

Thanks for your thoughts and comments, much appreciated.

### Assistant
Based on the information you've provided, here are some thoughts:

1. 401(k) Allocation: Every investor's situation is unique but generally, having a diversified portfolio is important. Your current allocation seems to be diversified across different fund types. However, the expense ratios on some of your funds are quite high; especially the Large Cap Growth II fund and Lifetime Balanced fund. You may want to consider reallocating your contributions to funds with lower expense ratios, if available. Also, your overall performance being -5% over the past two years is somewhat concerning, given that the stock market has generally been performing well during this period. This could be due to the specific investments in your 401(k) or because of the market fluctuations affecting your particular funds.

2. Roth IRA: Opening a Roth IRA is a good move. It offers tax-free growth and tax-free withdrawals in retirement, providing more flexibility in your retirement income planning.

3. Emergency Fund: Moving 6 months of emergency money into a savings account is a smart decision. It's important to have an easily accessible safety net.

4. High-Risk Investments: It's good that you consider your $15k invested in crypto as money that might be lost. While high-risk investments can potentially bring high returns, they can also lead to significant losses. 

5. Debt: It's good that you're aggressively paying down your mortgage and planning to pay down your personal loan. Just make sure the interest rate on your personal loan isn't higher than what you could earn if you invested that money instead.

6. Future Contributions: Increasing your 401(k) contribution to 18% is a good move, as it allows you to take advantage of the tax benefits and potentially get a larger employer match. 

Overall, it seems like you're on the right track. However, it could be beneficial to speak with a financial advisor to ensure your investments align with your long-term goals and risk tolerance. They can help you devise a plan to manage your 401(k) and other investments, taking into account your entire financial situation.<eos_token>