Should I use a target-date fund?
Yes for most retirement savers, especially if you don't want to actively manage allocation. Target-date funds offer instant diversification and auto-rebalancing for typically 0.05-0.15% in fees. The main drawback: the glide path may be too conservative for FIRE-pursuers who want more equity exposure.
More context
Yes for most retirement savers, especially if you don't want to actively manage allocation. Target-date funds offer instant diversification and auto-rebalancing for typically 0.05-0.15% in fees. The main drawback: the glide path may be too conservative for FIRE-pursuers who want more equity exposure. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.