After some learning and research I’ve decided to invest all my contributions into a total market index fund with fidelity like the FSKAX for many years until I am closer to retirement age. I am 29 now and I started maxing my Roth IRA last year. I got rid of my managed Roth IRA so I can invest in what I want. The only thing I don’t want to deal with later on is the annual rebalancing once I start to pull away from 100% stocks when I start adding bonds etc once closer to retirement age. Is there any downside to switching to a target date fund let’s say when I’m closer to 50? I’m trying to grasp the concept of those TDF’s and seems I should be fine if at some point I sell my FSKAX and switch to a TDF. Suggestions ? Hope I’m not missing something.
Submitted February 10, 2023 at 07:10AM by we_are_all_dead_ https://ift.tt/LuOw4fB
