I've got a ways to go before retirement but when I looked at the targeted funds they seemed very conservative, which is OK if that is what you are looking for. By conservative I mean that they are lighter in stocks and heaver in bonds than felt comfortable to me which could backfire if interest rates go back up some.Part of the problem is that they can't do the asset allocation based on your entire situation. For example there may be two people who plan to retire in 2020, Person one is; single, has their house paid off and plans to retire early at age 55.Person two is married, had a substantial mortgage on their house and hopes to retire at 67.These people have extremely different needs and about the only thing that they have in common is that both plan on retiring in 2020.You can get mich the same results by buying the total stock market index fund and the total bond market index funds.Greg
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